Intel reportedly killed its wearables division — engadget.com

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 the company.

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