Intel is reportedly backing away from wearables

When Intel bought Basis back in 2014, there were hopes the acquisition would push the wearables firm to the next level. Sadly, things didn't go that way -- the company's first Intel-backed product had a tendency to catch fire, and was subsequently pulled from the market earlier this year. Now, any hope for a bounce back has been all but extinguished: according to a report from TechCrunch, Intel's wearable division is facing massive layoffs. According to TechCrunch, sources close to the company say that Intel is planning to back away from the wearable space -- and will soon lay off staff in its New Devices Group.

 In addition to the layoff report, TechCrunch also managed to get a few pictures of the Basis Ruby, an unannounced fitness wearable that will now never see the light of day. The Ruby's product box shows a compact watch with sleep tracking and heart rate monitor features with some basic smartwatch functionality -- a Basis Peak in a smaller form. The Ruby was also set to usher in a new version of the Basis software. There's no word if that update is still coming for users of older products, but we'll let you know if we find out.