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TLDR: "we've gotten ourselves into deep shit by saving money for shareholders. That caused a financial disaster so we'll fire 15% of you and save some more money. What could go wrong?"

Some mutterings were heard about the definition of insanity ...

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That's not really what got Intel into deep shit. They got where they are now by ignoring the main business, and spending giga$ on every trend they could stumble headfirst onto. The money returned to the shareholders was reasonable, all the written down acquisitions and failed product lines were not.

So far as the firings concentrate on all the ancillary stuff that Intel shouldn't have gotten into in the first place, it's positive.

I don't agree. They got the trends right. They got the "giga$" right. They just totally failed to execute. For example, there WAS tons of money in making mobile CPUs. Intel invested in it ... and failed to make them. Despite that their mobile cpus were better, I've used them (in other words: it wasn't the technical department failing to produce good enough/better chips. It was sales and marketing failing to sell from a position of having the better product)

Anybody worth shit has already left for the RISC-V startups.

Hey I know a few started up former hw design people that worked at intel just prior... maybe you've all heard of tenstorrent?

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