There will be layoffs once operating margins drop well below investor expectations.
Right now, Intel is investing for the future in the desperate hope that their bets will pay off.
Once Altera and Mobileeye and the other questionable 'investments' start to show negative returns - then you'll see the SHTF. These BK debacles have been well documented here.
Intel has also de-funded their cash cow x86 business and allowed AMD to get back in the game. This will somewhat accelerate the timeline, depending on AMD execution.
The will take a year or two to play out. That gives you slackers some time to plan your escape.
This was posted by @O3AK7SX-hsu, I tend to agree with with it. Somebody will pay when the results turn out to be lower than expected, and it will not be those who made the questionable decisions, that's for sure.