Pros
The people I work with are fantastic. The office is quite nice. Benefits are good, matching employer pension contributions and good healthcare cover. As far as I can tell, employee monitoring is not used. There is a limited budget for your home workstation to be improved. Hybrid working is default for everyone, only potentially except for upper management.
Cons
My salary is now 10% under inflation. For a huge company such as Siemens, I still don't understand how that is possible. Social events basically don't exist. Our last Christmas lunch was cut from the budget and I don't remember the last event that was actually more than just my colleagues arranging it. Or Siemens hiring an ice cream van and calling that a social event. Hiring freeze has been going for at least 2 years now. Some teams are definitely vastly more understaffed than others. No salary transparency. Small for some, but still worth mentioning - any larger meetings are full of corporate language. Yes, expected, but certainly unnecessary in the 21st century especially when a large part of your team are non-native English speakers. Internal systems are a pain. Using the timesheets and holiday request sites is genuinely an awful experience. Promotions are done once a year with a limited amount of people per team. If you're meeting the requirements, but there's other people just marginally above you, you will remain with your current salary for at least another year just because your manager can't promote more people. Their actions do not follow their words - environment is not a priority as a lot of the main clients are huge known polluters. The atmosphere in my office is miserable now. I have even heard managers talk about how they don't care about the job anymore.