I have been reading articles and blogs about layoffs in the US and abroad for years . . . if any of you are seriously considering a law suit you might begin to compare notes on ageism; as it seems to be a trend with Intel. In order to be actionable, I believe you must find a clear violation of employment laws, and this would be one. Look for trends in the age or years of service among those selected for layoff, or among those who fit the criteria used for layoff selection.
I have no personal investment in this issue, I just hate it when dishonorable actions hurt good people.