Intel has ousted CEO Pat Gelsinger after a tumultuous four-year tenure marked by declining revenues, production delays, and lost market share. Gelsinger will leave with a severance package totaling at least $10 million. Under his leadership, Intel's stock plummeted more than 60%, and the company announced plans to lay off 15% of its workforce to cut costs. Analysts speculate about potential restructuring, including the separation of Intel's chip manufacturing operations, as the company struggles to compete effectively in the semiconductor market.