Microsoft and SoundCloud cut jobs, HBO coming to Hulu
Transcript
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Microsoft will cut up to 3,000 jobs mainly in its sales department, the majority of which will be overseas.
CNBC reports that the move is focused to help Microsoft bolster its Azure cloud platform which is still yet to become profitable.
Microsoft already faces stiff cloud computing competition from Google and Amazon in a market that is quickly becoming clouded, speaking of lay offs Sound Clound has cut 40% of its entire staff to stay above water.
The company will also close offices in SanFransisco and London as a continues to deal with outstanding debt in the struggles of the music streaming industry.
And finally, Hulu has announced that HBO and Cinemax will join the streaming services lineup, going for $15 and $10 a month, respectively.
This will include on-demand content, and both east and west coast feeds.
At the moment there's no discount for going through Hulu.
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