I believe the ambitious plan by Gelsinger to release "5 nodes in 4 years", as well as building couple of new factories necessarily resulted in a lot of redundan

I believe the ambitious plan by Gelsinger to release "5 nodes in 4 years", as well as building couple of new factories necessarily resulted in a lot of redundancy and hiring people who were needed for the transition period, but not necessarily long term. Now that they are nearing the completion of Intel 20A and 18A R&D cycle it seems logical point to start cost-cutting.