Intel continues to think IoT, memory, 5G, and modems are all paths to growth. This is laughable as the TMG manufacturing and product teams have never successful competed and been successful where there is competition. Just look at the 3 generation sad attempt in mobile and tablets.
They think the server is safe, but just like x86 did to mainframes, minicomputers, workstations the ARMy assault continues and now you have IBM and AMD redoubling...
With 14nm progress still falling well behind the already so delayed schedule and 10 and 7nm continuing to slip, client continuing to fall, the end is upon.
It ain't a rumor, more layoffs in 2017 and 2018 are coming!