First of all, I am not Intel employee, but I can feel the pain of working there at this time.
I feel sad for the employees who will be impacted and pay for the mistakes that senior executives, VPs, Director and managers made. I worked for a few companies that were in similar situation. They always let the working level pay for their mistakes. Working level follows their decision, order and direction. The leaders let you guys into sinkhole, and they escape by stepping on your bodies.
The sad thing is, these Intel managers, directors, VPs are getting jobs with fat pay at AMD, Nvidia, Qualcomm, Broadcom and Apple. They bring the "Intel culture" to other companies like disease. Soon, AMD, Nvidia, Qualcomm will become the next Intel.