Do you even know what the definition of at will employment is?
Well I'm certainly not a conservative.
I think the second point is true. An at-will contract (or lack thereof) is essentially skewed towards the free will of the employer in a way that is massively to the detriment, as these cuts prove, to that of the employee.
At will might be the employment norm in America, but assuming a sizeable number of Nokia's workers are actually Finnish where they have far stronger employment laws, I would wonder whether this is all even legal.