Intel hired Murthy thinking he would fix the mess, but it seems tha the right guy was with ARM (Warren East was CEO of ARM). He got hired by Rolls Royce and he is laying off people but most of the people let got are managers. Someone like Warren East was what Intel needed.
http://www.wsj.com/articles/rolls-royce-holdings-to-cut-200-more-management-roles-1474234737