At Intel, the several rounds of layoffs do not inspire confidence in the remaining employees or with business partners, he said. "I'm not convinced that this will do what [Intel] expects it will do. Cuts are cost-containment only. They don't help the overall productivity and competitiveness of a firm. You lose a lot of people, then you have to recover from that loss.

"AMD's going to have a field day cherry-picking Intel for a while."