Pros
Intel overall has decent benefits but the perks haven't lived up to the top 100 companies to work for in the last few years. There is a reason for that. Medical benefits are good and you get a choice of plans that fits your specific needs. However, what you pay our of your paycheck is getting worse every year but that may be in most companies. Paid personal time and vacation/holidays are on par with the average large company. Stock Purchase Plan offered to employees and bonuses a few times a year. Retirement plans available. Career opportunities and growth are good depending on which field you are in.
Cons
Layoff's every few years due to corporate downsizing or group consolidation are a given. Under appreciated and no room for job growth if you are an admin. Work Life Balance only exists if you MAKE sure it does. Some managers will work their employees to death at Intel, so be careful. There is an expectation that you are available 24/7 via email/phone. Lack of communication and "large company disease" is prevelant here as in any large company. If you have a good manager, you are set, if you have a poor manager, watch out. Brutal "review" process on a yearly basis needs to be changed or eliminated all together.