It’s business performance.
If you’re the best widget maker in the universe but nobody wants to buy widgets, are you really needed?
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the irony is, BS and BK (and likely BW, and SR) got 'golden parachutes' when they were forced out. The people they were behind firing got nothing.
The chickens are finally coming home to roost for Intel. From 2015 through early 2021 (before PG came aboard), Intel's "WOKE" management (BK, BS, BW, SR) chased away strong performers by creating a toxic work environment via pushing employees to embrace "WOKE culture". The D&I team under BW was particularly horrendous. If you resisted, it was career limiting and you were harassed by upper management who suggested you should move on. In some cases people were fired under 'trumped up charges" by Intel HR/Legal for speaking out against this stuff.
On point OP.
Just fire them all.