State Street jobs are evaporating into “the cloud.” The Hub money manager said yesterday it will cut 850 positions — including 558 in Massachusetts — from its information technology operations as part of a shift to so-called cloud computing technology aimed at saving as much as $625 million a year by 2014. State Street said it will lay off 530 IT employees and transfer 320 others to IBM and Wipro in an outsourcing deal with the technology vendors. State Street, which provides accounting, brokerage and other money management services, will focus on developing new IT products, “especially those that focus...