Jul 6, 2017

Microsoft cuts 3,000 jobs to focus on cloud tech


Microsoft is eliminating 3,000 jobs in a major company restructuring to shift focus toward its cloud services product, Azure, CNBC reports. The company said these cuts will largely impact salespeople based outside of the U.S., but only 10% of all sales jobs will be affected.

It's common for Microsoft to change its corporate structure at the start of a new fiscal year, though the layoffs this year are particularly steep. In total, Microsoft cut 7,400 employees in the 2016 fiscal year.

Why it matters: Azure is the source of most of Microsoft's recent growth. Redirecting resources to bolster the product positions the company to compete with Amazon and Google, both of which are building up cloud technology.

Go deeper

Coronavirus spreads to new countries, while U.S. confirms 57 cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

Public health officials confirmed Tuesday the U.S. has 57 people with the novel coronavirus, mostly those repatriated from the Diamond Princess cruise ship — an increase they had expected after the passengers were allowed to return home from Japan against their initial advice.

The big picture: COVID-19 has killed more than 2,700 people and infected more than 80,000 others, mostly in mainland China. There's only been two cases of person-to-person infections in the U.S. so far, but the Centers for Disease Control and Prevention is now warning that Americans should prepare for a much broader outbreak here.

Go deeperArrowUpdated 1 hour ago - Health

Space tourism gets ready for launch

Illustration: Sarah Grillo/Axios

Multiple space tourism companies are aiming to send their first customers to the edge of space before the end of this year.

Why it matters: Right now, most revenue in the space industry is tied up in government contracts, but experts say the maturing industry will need tourism to grow into the $1 trillion economy some predict it could be.

Go deeperArrow2 hours ago - Science