Sources say that HP will be combining its printing and PC businesses into one unit. The core profit-earning Imaging and Printing Group (IMG) will be consolidated with the struggling Personal Systems Group (PSG), which HP had considered spinning off.
“HP sees the two business groups — IPG sells printers both to consumers and businesses and PSG sells PCs to consumers and businesses — as making more operational sense combined than apart the source said. The plan is to have their line of business more readily integrated so they can approach customers together and with unified product offerings,” reports AllThingsD.
The executive VP of IPG, Vyomesh Joshi, will leave the company in the reorganization and Todd Bradley, the executive VP of PSG will take over the joint venture.
The combination of the groups is an effort to cut costs. The PSG has been struggling in the PC market and IPG saw a drop in sales and earnings in the last quarter.
Sources say that HP will be combining its printing and PC businesses into one unit. The core profit-earning Imaging and Printing Group (IMG) will be consolidated with the struggling Personal Systems Group (PSG), which HP had considered spinning off.
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