I doubt with the CFO being let go most people will end up getting re-hired in other groups. Their revenues are down, they're closing up shop in some areas or realizing they need to run some areas with less people. It's actually a pretty big deal.
He's not "being let go".
From the article: Stacy Smith, who has been chief financial officer since 2007, will move to a new role as head of manufacturing and sales
I'm not sure what to make of the move, but if they really wanted to let him go they wouldn't have given him this different role.
Edit: just to elaborate, Intel is first and foremost a manufacturing company. Their manufacturing currently has a 61 percent gross margin. You don't put someone in charge of that if you want to let him go!?
But I'm not an Intel employee or close observer of the company. Maybe some Intel insiders can chime in with that they think this means.
A good 1/3 of their assets are in property plant and equipment value. That means that the fair market value of that stuff can tank if they don't keep up the pace of growth because what if they can't sell as much of their products anymore because of a shift to other technologies?
This is for sure a move because their revenue forecasts are grim in many areas they operate in.