{"id":53838,"date":"2014-10-06T09:00:13","date_gmt":"2014-10-06T09:00:13","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=53838"},"modified":"2014-10-06T08:33:50","modified_gmt":"2014-10-06T08:33:50","slug":"hp-to-split-into-two-companies","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/10\/hp-to-split-into-two-companies\/","title":{"rendered":"HP to split into two companies"},"content":{"rendered":"
Technology giant Hewlett-Packard, known as HP, plans to split itself into two companies, reports say.<\/p>\n
The US firm will separate its better-performing computer and printer business from its corporate hardware and services operations.<\/p>\n
HP is in the midst of a restructuring plan and has announced tens of thousands of job cuts in recent years.<\/p>\n
In August, it reported a sharp fall in profit despite a rise in revenue, helped by improved PC sales.<\/p>\n
Chief executive Meg Whitman, who has the job of reviving the fortunes of the 75-year-old firm, acknowledged at the time that demand for PCs was “coming back”, but that it was still “a declining business”.<\/p>\n