HP splitting into two companies is now officially




Hewlett-Packard on 1 November and formally split into two separate companies: Hewlett Packard and HP Enterprise Inc. Hewlett Packard Enterprise will focus on infrastructure and services for the corporate market; HP Inc. focuses more on consumer affairs, such as printers.

New HP logo Both companies are about the same size and should have a clearer focus. In total, some 55 000 people lose their jobs at the fork, the majority of which has already been fired. The company announced the split just over a year ago, on October 6, 2014. The business branch, Hewlett Packard Enterprise, is Meg Whitman, former CEO of the ‘old’ HP, at the helm; HP Inc. branch has Dion Weisler as new CEO.

Of the business branch and the consumententak it is expected that they will each generate annual revenues of around $ 50 billion. The reason why HP made this step is that the business after the purchase of Compaq in 2002 for 25 billion dollar slid further and further. The CEO who made the step to take over Compaq, is Carly Fiorina. She is now in the running to become a presidential candidate for the Republicans.

The costs of the demerger, are estimated at about 2.7 billion dollars. During the splitting process already lost about 33 000 people their jobs.


In: Technology & Gadgets Asked By: [15585 Red Star Level]

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