There is a lot of negativity in here, and some of it is deserved. However, keep in mind that most of the negative things you are reading is fake news likely created by AMD people and the very bitter ACT layoff class. It has no basis of reality.
Lets take the good. 18A is amazing. This is universally reported by customers and internal releases as well. The roadmap is solid out to 14A. If foundry doesn't get off the ground, at least Intel now has tech to compete with TSMC. Look at the news cycle. TSMC is scared of Intel and only Intel. Samsung is a threat, but they have never had the historic execution of Intel. They know if Intel executes, as they have a much longer track record of doing than failing, TSMC will be in the fight of it's life. That may sound comical since 18A is not yet released, but right now it sounds really great.
When Intel has a superior node, it's products historically have always been far superior. Sure TSMC will never go away now. They will continue to make products for Intel's competitors (and Intel themselves), but there will be parity or at least give and take advantages of each foundry.
Intel is pioneering High NA EUV. This tech is bleeding edge. TSMC cannot match it and they cheaped out not wanting to spend the money. In a few short years this will go down as a tragic flaw in their planning.
Finally, the big loss that people tout from last year was really just overspending on R&D. Bean counters wouldn't understand the need to bleed money to catch back up again and plan for cutting edge tech, but Pat did see this as necessary. All the rich BK years, milking the 14nm node while ignoring the future had a come-uppance.
Yes there will be layoffs, and yes Intel is making a tragic error in RTO. These are accounting errors and what bean counters feel they must do. Those that make it will have a chance at greatness. LBT is a technologist and a bit of a investing savant. Lets give him a chance! We shouldn't care that he is next door neighbors and good friends with the competition.
Remember, most of the negative posts here are from non-Intel employees trying to drain morale. Don't let them.