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downrightmike
To be perfectly frank, if intel is going to layoff that many people, I will not buy any intel thing ever again. They are run by MBAs that don't know anything about engineering and that shows that is a competitive disadvantage for the foreseeable future. Intel seals their legacy to the path of fairchild with these actions, aka Dead.

And everyone else around the CEO is a finance related MBA, they brought him back to lend legitimacy, which isn't working according to their actions.

martinpw
Intel is run by Pat Gelsinger. He is an engineer.
BeetleB
And the last CEO to do major layoffs was also an engineer.
scrubs
Your assessment of the situation is flawed.
sarimkx
15,000 people?? How many households will that affect?
muti
From the article

  Intel said Thursday that the company will lay off more than 15 percent of its workforce
and

  Intel will cut roughly 15,000 of its 131,000-employee headcount, most by the end of the year
15% of 131,000 is ~20,000, so are there more to come or is workforce =/= headcount?
floxy
No idea, but it probably wouldn't be unusual to have 4% turn over / retirements every year, which could make up for the 5,000 discrepancy.
dr_kiszonka
Some were offered a nice severance to leave voluntarily.