Those of us that went through this during the great recession and Marissa Mayer years recognize it well. This is definitely a stealth layoff. Intel is known for

Those of us that went through this during the great recession and Marissa Mayer years recognize it well. This is definitely a stealth layoff. Intel is known for infamously using this tactic. There's for sure an element of power play here too, so yeah reasserting control is a good bet. I would not be surprised if there's considerable tax and accounting loopholes that enable this kind of behavior as well.