The Hewlett Packard Enterprise (HPE) is set to acquire Juniper Networks in a $14 billion deal.
Hewlett-Packard Enterprise Co.
MWC 2024: Hewlett Packard Enterprise, Juniper Networks CEOs Discuss $14 Billion Merger Deal Benefits
HP's business started to tatter since inception of Meg Whitman in 2011. In 2013, Bloomberg has named her as one of the ‘Most Underachieving CEO’ in the corporate world. To hold HP in its business path, she has spit HP into two independent entities which is believed to reduce her pay package by 13% compared to the previous year.
HP will be split into two entities as Hewlett-Packard Enterprise Co. and HP Inc. It will be completed on Nov. 1. The restructure will slash 30,000 jobs. HP Board of Directors announced in a news release its split into two independent firms; HP Inc. and Hewlett-Packard Enterprise. HP Inc. will operate the company's printing and personal systems businesses. Alongside, Hewlett-Packard Enterprise will focus on technology solutions including Software and Financial Services, Enterprise Group, and Enterprise Services.
Subscribe to VCpost newsletter
Most Popular
- SSDI Payment April 2024: Who Will Receive Social Security Benefits Today?
- Where's My Child Tax Credit 2024: When to Receive My Money After April 15 Tax Filing Deadline?
- Delta Air Lines Increases Flight Attendant, Ground Workers Wages by 5%, Boosts Starting Pay
- Amazon Is Ending Drone Deliveries in California, Eyes Arizona Expansion
- Philippines Wants US, Japan to Fund Freight Railway Project After It Drops Funding Talks With China
- Apple Reportedly Acquired French AI Startup Datakalab, Focusing on AI and Computer Vision
- Tesla Uses New State Law to Bypass Austin's Environmental Regulations at Texas Gigafactory
- FTC Sues to Block Tapestry's $8.5 Billion Takeover of Capri Holdings in Massive Luxury Fashion Merge