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2025-09-19 06:49:03
[SoftBank plans to lay off 20% of Vision Fund employees] A memo shows that SoftBank will lay off nearly 20% of the Vision Fund team worldwide to shift resources to founder Masayoshi Son's large-scale artificial intelligence investment in the United States. The layoffs are the third round of layoffs at the Japanese investment group's flagship fund since 2022. The Vision Fund website shows that the fund currently has 44 employees. Unlike previous layoffs due to huge losses, this round of layoffs occurred after the fund announced its strongest quarterly results since June 2021 last month. The move shows that the fund is shifting away from a broad portfolio of startup investments. Sources said that while the fund will still make new investments, the remaining employees will devote more resources to Masayoshi Son's ambitious artificial intelligence initiatives. It is reported that a spokesperson for the Vision Fund confirmed the news of the layoffs but did not disclose details.
