The IOT group in Ireland was associated with the Quark Solutions Division (QSD) - which had a weird track record of not producing products. They would go through the motions, march through the POP process, then poof project cancelled for whatever reason. "Hey - we are the 22nm lead vehicle" - then poof actually the financials didn't work out. "Hey - we have these great ATOM based SoCs" then poof oh yeah, about those SOPHIA designs we were recycling ...
It wasn't for lack of talent and engineering diligence ... it was more a lack of conviction by the senior level management in IOTG.
Of course, IOTG is more a bunch of tribal groups duct taped together anyway - the various teams like TSD, ASD, PED and QSD had no idea what each other was doing, and frequently competed with each other rather than supported each other. It was a weird place where no one trusted what anyone else said or had confidence in another team delivering.
And now throw into the mix an enormously expensive acquisition of Mobileye - obviously some headcount and spending targets have to be adjusted to allow for the new group.
What is really appalling is IOTG is held up as one of Intel's big growth areas.