Saving Intel is not a trivial task. The best they could come up with is IOT,5G,cloud. although I am skeptical this new vision will save the company, but I can't come up with a better alternative. Yes layoff sucks, and yes employees are angry, yes the management have room for improvement, but what choice does they have. I mean really..
It's going to take a miracle for the company to transform from PC to another business. Doing nothing is not an option, All Intel is doing is fighting for survival, not to be forgotten like Nokia, Kodak, DEC and the likes.