The investments OP is referring to are almost certainly the CapEx investments related to opening new fabs and the aggressive push to launch new leading edge nodes.
Yes, layoffs suck, but Intel seems to be in a position where something had to give, and giving up on building a leading edge fab would almost certainly lead to a death spiral. Additionally, Intel was and still is a huge company. They have more employees than TSMC & AMD combined (an imperfect comparison, but probably as close as one can get).
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.
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The investments OP is referring to are almost certainly the CapEx investments related to opening new fabs and the aggressive push to launch new leading edge nodes.
Yes, layoffs suck, but Intel seems to be in a position where something had to give, and giving up on building a leading edge fab would almost certainly lead to a death spiral. Additionally, Intel was and still is a huge company. They have more employees than TSMC & AMD combined (an imperfect comparison, but probably as close as one can get).
Doesn't that need R&D though (i.e. people, and preferably motivated ones)?
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.