PG had a vision, but it would take too long and too much money.
With a continuing decline in market share and development falling behind the competition. Continued operational deficits don't sit well with investors.
The AI boat passed by, and the visionaries in management didn't react but waved goodbye as it passed.
With early retirement and voluntary packages, the majority of senior top talent who could guide have left. Leaving new college grads that have recently joined lost.
The continued hybrid work model resulted in inefficiencies in development. Lesson not learned with the continued closing of buildings and moving people to the fully remote model.
The one trick that this pony has is to sell and cut to balance the books. LBT is a VC and knows how to ride this pony. The selling and cutting will continue until the books are balanced. Maybe the fully remote model is part of the plan, allowing for full cuts.
The Intel name will continue to exist, whether revamped into something much smaller than the glory days or sold to the highest bidder.