Wednesday, March 21, 2012
Hewlett-Packard is combining its printer and PC divisions to save money.
The move announced Wednesday comes at a time when sales of printers and ink, once HP's lifeblood, are falling as people increasingly share documents and photos online. HP, the world's No. 1 maker of personal computers, is also facing declining PC sales as people turn their attention to tablet computers and smartphones.
HP has said it needs to identify ways to save money to invest in growing businesses. The company said combining the units will increase productivity and efficiency, while streamlining customer support and the company's supply chain.
Read more at Bloomberg Businessweek.