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Intel's current predicament has its roots in a decade-old strategy. Its once-renowned "Tick-Tock" model, which alternated between manufacturing process upgrades and microarchitecture enhancements each year, has faltered in maintaining a leading edge, particularly in an environment devoid of significant competitive pressure. With the shifting industry landscape, Intel no longer finds itself comprehensively ahead. Recently, Intel's layoff plan was finalized. On April 25th, CEO Pat Gelsinger released an internal letter announcing the layoff of over 20% of its workforce, impacting 22,000 employees, and mandating an increase in office attendance from 3 to 4 days per week. Intel is now confronted with unprecedented challenges, as sales of its data center CPUs have plummeted to a 14-year low.
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