I am with Ericsson for about 10 years now and I remember better days. On the modem side LTE is troublesome but we manage and we somehow make money which is a great thing - otherwise they would lay us off in no time and I hope that 2016 pans out to be a great year - Global Services are a good group to be in, check it out
I have heard Ericsson Worldwide has laid off 8000 people to date. It used to be a good company to work for, but not anymore. They just had a layoff last month and I have heard they will continue to happen for the rest of the year. Things will not get better until December 2017.