Pros: The company is at the forefront of technology in many different areas, allowing access to cutting-edge pathfinding and development of new technology. The resources of a large company allow for high-dollar projects and collaboration across the world. Vacation time is not recorded for salaried employees and is mostly managed by the employee and their manager. Schedules are often very flexible for engineers, though not for technicians or FAB employees. Personal growth is encouraged, and there are programs to help employees expand their skill set. A retirement contribution of ~5% is given annually to a 401K, regardless of the employee's own contributions (i.e., not matching). Paid sabbaticals are given every 4 years (an additional 4 weeks) or 7 years (an additional 8 weeks). That is probably the main advantage of working at Intel over similar companies in the area.

Cons: Being young at Intel is very difficult. Employees are considered "new" until they've been here 10+ years and are given little respect. The raise/promotion system is heavily dated and causes serious problems within groups and among peers (strict quotas for promotions and ranking employees within a group). The benefits across the board have been heavily cut over the past 5-10 years, resulting in a significantly worse overall package than before. No shuttles are available at the main headquarters (to SF, San Jose, etc). Vacation is nothing special (3 weeks until 10 years, then 4). Vesting for retirement contribution is incredibly long (6 years total, nothing until 2 years - 20%), and vesting for stocks is also long (4 years).

Pros: A lot of great people. Work-life balance.

Cons: Might be a high-pressure environment. Bad management.

Pros: Intel is a great place to work where you can learn deeply about technology. The values and respect of the partners is great. Intel includes a lot of benefits to be comfortable at home or at the site.

Cons: I have not found cons at Intel.