Hewlett-Packard’s Whitman Dismantles Hurd’s Computing Empire
This article is for subscribers only.
Hewlett-Packard Co. Chief Executive Officer Meg Whitman, in her drive to boost profitability, took another step toward dismantling the computing empire former CEO Mark Hurd built with $24.3 billion in acquisitions.
The company is writing down the value of its enterprise-services business by $8 billion and shuffling management at the top of the division, Hewlett-Packard said yesterday. That follows an announcement in May that Whitman is eliminating 27,000 jobs, many of them from that unit.