Seeking a place for itself in a digital world increasingly dominated by mobile technology, Hewlett-Packard is on the verge of a sweeping reorganization, according to executives close to HP’s leadership.

The company would be split into two entities — one focused on HP’s traditional business in personal computers and printers, and the other consisting of computer servers, data storage devices, networking, software and services aimed at businesses, according to the individuals, who requested anonymity to preserve relations with HP.

“The split is upon us,” said one of the executive familiar with the HP board’s discussions.

HP is considered the foundational Silicon Valley company, originating in a garage and then serving as a training ground for several generations of technology leaders. Its changing fortunes are a mark of how much the technology industry, which has reordered many areas of the business world, is now doing the same to itself.

In a little over a year, stalwarts like Microsoft, IBM and Dell have changed chief executives, sold big parts of their businesses or gone private. All of them, along with a host of other companies that became behemoths during a 20-year boom in personal computing and the Internet, are rushing to cope with the rise in mobile devices connected to cloud systems.