Intel reportedly killed its wearables division

According to CNBC’s source, the tech giant actually laid off 80 percent of the division’s employees in November 2016, so it let fewer people go this time around. A lot of employees in Intel’s wearables division came from Basis, the wearable maker it acquired back in 2014 for $100 million. While their division is now dead, they were apparently given the chance to be reassigned to other parts of