NEW YORK — Hewlett-Packard Co. will combine its printer and PC divisions to save money, part of the technology company’s effort to turn around its business.
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.
The combined unit will be led by Todd Bradley, the executive vice president of the PC group since 2005. Vyomesh Joshi, the head of the printing group, is retiring after 31 years with HP.
HP didn’t say what effect the restructuring would have on jobs, but the move is likely to result in layoffs. In a 2009 shake-up of the printing, PC and other divisions, HP cut 4,400 jobs. The company had 349,600 workers as of the end of its last fiscal year October.