Pros
High tech company. Sabbaticals every seven years, telecommuting policies that allow workers to work from home one day a week, 3 weeks of vacation the first year you work there and 4 weeks vacation after working there 10 years. Reasonably good pay and their bonus program is a substantial part of the total compensation. Lots of challenging work and opportunties to bite off as much as you can chew (or more). Side benefits like free soft drinks, coffee and tea from the cafe is nice. Free fruit is a great way to eat healthier. Worldwide presence and opportunities for travel.
Cons
"Redeployments" are done with no logic. Extremely talented resources (people) are let go that have a wealth of legacy knowledge and experience. Like other large, major corporations, it's very easy to get caught up in the bureaucracy of doing things just to support efforts from on high that, at the end of the day, don't really add a lot of value. Taking away the ability to work remotely (no physical office presence in any Intel building) forced many talented individuals to leave the company when they chose not to relocate to an approved site. Uncertainty on whether you will have a job or not 6 months from now is a definite downside.