I'll echo the previous posters:
Intel is hardly struggling. Sales are still growing. Profits margins are fat. The only they are lacking is meaningful competition that forces them to invest in improving their products. What's the reward for the employees that put them in this position? A layoff, or at least the stress of wondering if you are next.
Intel lobbied for more H1B visas. They'll lobby for more next year. We need a change to the system so that layoff such as this disqualifies them from taking advantage of low-cost workers.