Pros
Ericsson Europe is team-oriented and fun to work at, although it is quite bureaucratic. Health benefits are quite good although Ericsson U.S. has becoming gradually worse in terms of health benefits. The engineers are usually very dedicated and fun to work with. The management is sometimes NOT.
Cons
Ericsson U.S. is unstable. The jobs keep moving back and forth between U.S. and Canada, and they keep closing down offices and opening new offices, so you have to live out of your suitcase. The stock price is bad and it keeps crawling up and then again takes a plunge. The stock price is far from its height in 2001. Year 2002 the company was near bankruptcy and managed to survive by borrowing money from its employees through a stock offer plan. The management teams in Ericsson U.S. are the worst ever. They keep putting people fresh off the boat in management positions and let them run their teams like a sweat shop in Mumbai. They suck the life out of you and work you to death and the pay is outrageously low.