There is more layoffs coming and here is how it happens!
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As BK said intel will practice performance management and all IR and L5 and L4 receivers will be fired with 6 weeks of Cobra and salary for incompetence. This will reduce work force another 5k in April
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In Q3 intel will see three more quarters of declining x86 volume and when combined with the slow yield ramp on 10nm will result in another round of cost cutting in Q4 of ACT2.0. About another 10k will go!
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In early 2018 we will see the IoT, AI, modem and autonomous driving units fail which will result in ACT3.0 as BK makes his last and desperate attempt to save his job. With another 10-15k gone. After 2017 financials announcements and another round of Bain input SJ State graduate will be fired and external CEO brought in
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New CEO will split out TMG and x86 and sell everything else yielding about 35 bucks a share value by unshackling x86 and server from TMG by 2019. Total intel employment the about 65k before split and burn