Tech content trusted by users in North America and around the world
7,349 Reviews & Articles | 53,802 News Posts

HP rumored to split into two companies, consumer and enterprise

According to the latest rumors, HP could split into two companies - one half consumer, one half enterprise
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Oct 6, 2014 5:45 am

According to The Wall Street Journal's sources, HP could be splitting itself into two separate companies, under the same roof. One side of the new HP would deal with its PC and printer operations, while the other would do software and services to its corporate and enterprise customers.

 

hp_rumored_to_split_into_two_companies_consumer_and_enterprise_02

 

We should hear about the deal sometime today, according to The Journal's sources, with the separation to take place sometime in 2015. This could all be part of Meg Whitman's plans, as the fresh CEO of HP, joining back in 2011, promising a five-year restructuring project. This restructuring project included a major overhaul of the printer and PC business in 2012, and layoffs totaling 45,000 staff, which saves the company some $4.5 billion per year.

NEWS SOURCES:Money.cnn.com

Related Tags

Got an opinion on this news? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
loading