HP splitting into two companies
Posted by: Timothy Weaver on 10/06/2014 04:24 PM [ Comments ]
The split is forcast to occur by the end of its 2015 fiscal year, which ends on Oct. 31 next year.
Ranjit Atwal, a research director at Gartner, said: "Creating a separate company introduces uncertainty about its future—but there was already uncertainty about what HP wanted to do with the PC and printing business."
Under the plan, the company now expects to lay off a total of 55,000 staff.
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