INTC layoffs should be viewed positive to cost structures although regretful to those on receiving end. Believe mkt sceptic it signals loss of tech edge, demand and share at datacenter/enterprise level. High end enterprise is critical to profitability. Margins thin at client/PC level. CEO righting the ship but many holes left to plug.$Intel(INTC)$
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If the Mgmt can't come up with a halfway solution it means either (1) haven't try hard enuff (2) not interested or (3) unbefitting to be where they are...