Pros
The company is large enough that you have a lot of career flexibility and there are incredibly talented people in the execution ranks. Recent roadmap changes has some potential to improve company outlook in the very long term.
Cons
As of January 31, 2023, effective immediately, Intel has completely eliminated all merit raises, all RSUs, all bonuses. They’ve also eliminated all performance awards (even simple Kudus, which is as little as $10). And while Intel is not a high compensation company to begin with, executive leadership has also reduced base salaries: 5% for grade 7-10, increased to only a 25% reduction of the CEOs’s base salary. Meanwhile, the CEO’s earnings is essentially all stock, making this of no consequence to him or his senior leaders, even while the HR Exec claims senior leaders are taking their fair share of this burden (I’m paraphrasing). They choose to keep their above average dividends in place making sure they’re making plenty on the stock’s minor improvements from this annihilation of the talent and remaining culture of the company. All of this putting the burden of this ‘righting of the ship’ on the lower staff rather than the leaders responsible for destroying this company’s technological leadership through awful roadmap decisions and so many terrible acquisitions that all cash made in the hay day has been lost with absolutely nothing to show for it. This all while laying off so many people and shipping jobs to “low cost geos”. All this while happily taking federal incentives for massive capital investments. Let’s not kid ourselves either, this layoff and compensation reduction was done because they know the tech industry is imploding making it near impossible for anyone to decide to leave; everyone is basically trapped. IMHO: The roadmap has potential to improve the outlook for this company in the next decade, but I find this senior leadership behavior horrible and a violation of the social contract they have with the employees and the communities that they benefit from. Finally, on top of all of this, even before the layoffs and compensation cuts, I have talked to so many peers who’ve literally said that the culture is gotten so awful and the workload has become so overwhelming that it’s ‘slowly killing us’.