SoftBank plans to lay off 20% of Vision Fund employees, shift resources to AI bets
2025-09-18 22:53:45
SoftBank will cut nearly 20 percent of its Vision Fund team globally to redirect resources to founder Masayoshi Son's massive artificial intelligence investments in the United States, according to a memo. The layoffs are the third round of layoffs at the Japanese investment group's flagship fund since 2022. The Vision Fund currently has 44 employees, according to its website. Unlike previous cuts made due to heavy losses, this round of layoffs comes after the fund last month reported its strongest quarterly results since June 2021. The move shows the fund is shifting away from a broad portfolio of startups. While the fund will still make new investments, the remaining employees will devote more resources to Masayoshi Son's ambitious artificial intelligence plans, sources said. It is reported that a spokesperson for the Vision Fund confirmed the news of the layoffs, but did not disclose details.
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