Pat Gelsinger was a CEO of VMware prior to Intel, COO at EMC prior to that, and CTO at Intel before that.
He was never a CFO.
He was never a CFO.
this will age poorly.
Intel is already fighting back strongly and really only had 1-2 iterations where they weren't in some ways the performance kings. They'll be back, fabbing their own chips, while AMD and others pay TSMC to make them, and intel will make massive profits.
Intel 12th and 13th gen competes with AMD on performance and price and its still using yet another 10nm finfet process while AMD is using TSMC's latest whatever.
none of this is indicative of a 'finished' organization. It's just not quick, because nothing in basic research and chip design is quick.
The metrics that matter financially are performance/power and performance/area, and Intel is worst-in-class in both metrics in both CPU and GPU right now.
I worked in chip design at Intel for over a decade. In the 2016 culling, I noticed they laid off a ton of smart people, but all the terrible management and fake-it-til-you-make-it engineers survived. I left very soon afterwards. I suspect the 2022 massacre will be along the same lines. Intel as an organization is not just finished, it is terminally toxic and incapable of being fixed.