In addition to the announcement of the company’s breakup, HP also announced that it would be laying off 5,000 employees. The layoffs are related to the restructuring plan.
The advent and adoption of social, mobile, analytics and cloud (or SMAC) is changing the IT environment. It’s urging organizations to transform their strategy in order to stay competitive. In 2014, Hewlett-Packard (or HP) (HPQ)—like its peers, IBM (IBM) and Microsoft (MSFT)—announced its plans to invest more than $1 billion over the next two years into cloud-related products, solutions, and initiatives.
