SoftBank Investment Advisers, which manages SoftBank's Vision Fund, is reportedly going to have its 500-strong staff reduced by about 15%.
Japan-headquartered internet and telecommunications group SoftBank plans to cut staff at SoftBank Investment Advisers, the subsidiary that operates its Vision Fund, by 15%, Nikkei reported yesterday.
SoftBank announced Vision Fund in 2016 and although it failed to make its $100bn targeted close, it did raise $98.6bn that has since been invested largely in highly-valued technology companies leveraging artificial intelligence or a mobile-facing business model.
However, the failure of workspace provider WeWork to go public in September 2019 combined…
