With the morbid Q performance, carrying current headcount with minor redeployments that stay under the radar, Intel is trying to swim with heavy bricks tied to their feet. I can understand reluctance to come out with a large number of layoffs would leave the government unhappy with taxpayers questioning the promise of creating US jobs with CHIPs giveaway and probably good for people to not get laid off so they can keep the jobs. However, with the DEI bloat and competence exodus the dead weight carried will make eventual decimation faster. May be PG is just waiting out for few more Millions to vest. He has been unbale to steer the broken ship and driving the same boat with strong hopium accompanied by copius delusionol.
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If there's still sh---y employees here, there's still room to cut. And there's definitely still a load of them