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.

| Oct 6, 2014 at 12:45 am CDT

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 | TweakTown.com

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.

Last updated: Jun 16, 2020 at 04:29 pm CDT

NEWS SOURCE:money.cnn.com

ABOUT THE AUTHOR -

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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