Not all workers are interchangeable.
Intel might have laid off 12,000 janitors while hiring foreign engineers.
Intel might have laid off 12,000 engineers while hiring skilled foreign assembly workers.
Intel might have laid off 12,000 skilled assembly workers while hiring foreign sales professionals.
Intel might have laid off 12,000 expensive Americans while hiring cheap foreign workers.
My money is on the last option, but I would like to know the details.
My company hires more aliens than AMericans too...hard to communicate with them, but company doesn’t care.