Not in this case because the layoffs might result in a sustainable business but a paycut never will because the low comp workers left simply can’t run a globall

Not in this case because the layoffs might result in a sustainable business but a paycut never will because the low comp workers left simply can’t run a globally competitive business. Intel itself wouldn’t even exist today if it didn’t layoff the great majority of its entire workforce some decades back. Layoffs are inevitable at Intel it’s more a question of timing.