What has really happened is that those employees were made into "reverse centaurs":
https://www.theguardian.com/us-news/ng-interactive/2026/jan/...
Text book CEO.
He came, he did all these things, he left (likely with golden parachutes): https://kevinkruse.com/the-ceo-and-the-three-envelopes/
I had to create an account to say that I agree with this comment.
I am a former Intel engineer who worked there for 8 years. I left Intel 2 years after the ACT mass layoff in 2016.
The culture there is extremely toxic from top to bottom. The VP's and top level executives were out to get stocks and golden parachutes. The middle managers played politics. In addition, they also pulled a blind over leadership on many significant happenings. The engineers / technicians kept secrets as a way of keeping themselves relevant and valuable in case of layoff events.
The main and sole money maker for Intel is getting quality silicon out of the door and that should be the number one objective for everyone. However, due to stack ranking, that is getting as many bullet points as possible in order to appear relevant when it comes annual review or mass layoff events, many people come up with bullshit projects that while on the surface look extremely impressive, have nothing relevant to pushing quality silicon out. The middle managers play favorites and push or highlight those bullshit projects.
When they fly expensive executives around for the BUM's (Business Update Meetings) or to pitch some bullshit ideas, not many had the courage to ask the relevant questions. The few who asked them were met with canned and non-informative responses that only showed that these expensive suits had no awareness of what was going on externally. At the same time, we were too busy patting ourselves on the back, claiming that we were number one.
We were too busy playing political games and competing internally that we forgot about the real external competitions, and then it was too late and they zoomed right past us.
I doubt the CEO (past and present) or VP's care or even have an inkling on what has been going on in the culture.