> Intel announced it will reduce its workforce by 4,000 workers (5%), mostly through attrition or voluntary separation programs.

I joined Intel shortly after that article was written (2002). For much of my tenure (3 years), Intel had a US hiring freeze (except through acquisition, how I got hired) and aimed to reduce its headcount primary through attrition, not layoffs. I felt like Intel treated its employees pretty well.

In any case, I think Andy Grove's book is a better citation, but some people on the Internet don't read books.