The analyses tend to focus on the CEO. With a company as massive as Intel, there are layers of managers who might be busier building empires than focusing on business essentials. Furthermore, with a large number of foreign born technical staff, the best are probably returning back to where they came from and earning better salaries and getting promotions.<p>You can't layoff 15,000 employees and expect the morale nor productivity to improve. The most talented staff simply jump ship, which leads to the average level of talent to drop.