Not an expert but it seems that bad decisions in cutting people and capital spending caused Intel to miss 10nm promises. So instead of making sure the same doesn't happen to 7nm Intel doubles down and cuts even more. Now 7nm missed commitments. And who is losing their jobs. Not those making decisions but the people that had to work very hard through 10nm and 7nm role outs because they had to make up for people lost and not replaced.
We now have people that have 20 plus years on the job getting cut months before retirement. What a bad business decision. Intel needs to realize that new blood is not stupid and are watching how old blood employees are being treated. Intel is losing the very same people needed to be successful.