[tgsovlerkhgsel]

> the aggressive push to launch new leading edge nodes

Doesn't that need R&D though (i.e. people, and preferably motivated ones)?

[ac29]

After the layoffs, Intel will have ~100k employees.

Also, unless you know some non-public information, its not clear they are laying off anyone doing R&D. The only specific groups mentioned in the layoff memo are sales & marketing.