Hewlett-Packard is no stranger to shearing off parts of its business, but this latest split, into HP Inc. and Hewlett Packard Enterprise, is the company’s biggest by far.
Last fall, HP CEO Meg Whitman announced the impending split that would begin at the start of this year. It was a move analysts and investors have been urging for years.
Whitman projected the transition to conclude by October 2015, and it did. On Nov. 1, HP Inc. and HPE became two separate entities.
“We’re leaving behind a company that was very large, running two businesses that were very different,” said Whitman last week. “We’re creating two new big companies, not bite-sized morsels, with real capabilities to change things.”