Not that I am any fan of the man with funny blond hair. But I must use the word "fake news" to describe most articles on this intel layoff site. How many times were there news of site closures, big layoffs - and nothing happened. Any small reassignments are normal in a company intel's size/market.
Its mostly trolls, who probably got fired during the last big layoff, who are spreading rumours on this site. One looking for good articles should go to Bloomberg, CNBC or sites like those.
But hey, if you are looking for entertainment after a long day - why not ? Just dont expect anything reliable.