100% agree on pay. Also Intel is ossified, there is less and less team where you are held accountable. Empire building is rampant. One of the fundamental thing missing is vision and how each team is relate to that vision.
A friend left his SWE position at Intel(He was part of the Altera acquisition) about 4 years ago. His weeks consisted of answering one email on Monday and working out the rest of the work week because his lead did pretty much nothing, and their manager not only did nothing, but made shit up regularly.
One problem with paying people significantly below market is that some of your people will be disgruntled and will optimize for working as little as possible without getting fired.
Soon enough there are entire groups whose culture aligns with cutting corners and pretending to work.
It was pretty wild honestly.