If you SSL 3 you won't get ISP, but you might be offered a VSP package. (same package, but you get the choice if you want to accept it)
If somehow all the site closures & relocation, early retirement, ISP and VSP don't make up the 12,000 heads, they did not rule out a second round where the VSP offers could become ISP layoffs.
But like every other time Intel has "trimmed down" they generally trim nails at the elbow and then have to sew it back on in 4 to 6 weeks. This time looks like they are cutting at the shoulder!