In 2014, Hewlett-Packard announced that it was splitting into two separate companies: Hewlett Packard Enterprise, selling servers and enterprise services, and HP Inc, selling PCs and printers. That split completed last year at the cost of more than 30,000 jobs. In a surprise announcement today, the company is about to embark on a second split: Hewlett Packard Enterprise is spinning off its IT services business.
The low-margin outsourced IT services business, which HP got into with its $14 billion acquisition of EDS in 2008, is to be merged with Computer Sciences Corp (CSC) to create a new company currently known only as SpinCo.
