HP Inc. says it will cut 3,000 to 4,000 jobs over the next three years as it faces continued challenges in the markets for personal computers and printers.
British group Micro Focus will merge with some of Hewlett Packard Enterprise's software assets, the pair said, in a further consolidation of the global tech sector after SoftBank's blockbuster purchase of ARM Holdings.
Hewlett-Packard Enterprise Co. will spin off non-core software assets in an $8.8 billion deal with Micro Focus International PLC in a move to focus on its faster-growing businesses.
A Georgia man pleaded guilty to a conspiracy charge Tuesday, admitting participating in a computer hacking scheme that used facts stolen from over 150,000 press releases to generate $30 million in illegal profits.
Hewlett Packard Enterprise's stock rose nearly 14 percent on Friday, a day after the commercial technology vendor reported solid earnings in its first quarter as an independent company.
The newly spun-off tech giant HP Enterprise has decided not to compete in public cloud computing and will seek partnerships with Amazon and others, chief executive Meg Whitman said Monday.
Hewlett-Packard Co. is preparing to shed up to another 30,000 jobs as the Silicon Valley pioneer launches into a new era in the same cost-cutting mode that has marred much of its recent history.
SurveyMonkey said Thursday that it added Hewlett-Packard Co. CEO Meg Whitman to its board of directors.
Hewlett-Packard is moving forward with plans to split into two companies, filing paperwork to create a new entity that will sell commercial technology, while a separate spinoff will sell personal computers and printers.