Thread regarding Nokia Corp. layoffs

I thought Nokia was a good employer

I was wrong. Yes, the work atmosphere is good but the pay isn't. It's well below the industry standard. To say I'm disappointed after I was so excited when I first got a job here would be an understatement. I need to add, growth opportunities are severely limited, so my hope to increase my compensation that way has been shattered as well.

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| 3345 views | | 3 replies (last July 13, 2022)
Post ID: @OP+1fREiWGG

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What do you expect from "Capitalism"
In economics there are three factors of production: capital, labor, are raw material.
For corporations capitalism utilizes labor and raw material to increase shareholder wealth.
What Labor should be seeking is employee ownership (cooperative) and a seat at the table.

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Post ID: @1Qsmj+1fREiWGG

As one of their executives said during a stand-up meeting when asked what distinguishes Nokia from the other telcoms. His response was, "our processes", not our people not our talent. That says it all. And they would go on about "high-cost region, high-cost region". The development will no longer be done in the USA. Of course, China may have had a lot more subscribers using our equipment but when you looked at the revenue chart it was VZW and ATT. China was slim pickings. So they got rid of us people from high-profit regions and lost most of the 5G work to Samsung. They got rid of the executives that handled the VZW and ATT accounts and brought in a guy that could not say two words of understandable English together. Nice way to lose a giant account. You are probably lucky you did not get to be "on-call" every other or every third weekend, not being able to go anywhere. It was cr-p. Doing much better now and making a lot more money. And, the stock plan were I am now is doing great.

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Post ID: @mxbv+1fREiWGG

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