SoftBank's Vision Fund is reducing its global workforce by a whopping 30%, Bloomberg reports.
Japanese conglomerate SoftBank Group Corp. has started laying off employees at its loss-making Vision Fund, according to people familiar with the matter. The cuts are expected to exceed 30% of the un
The Vision Fund, a venture capital arm of SoftBank, has launched a sweeping layoff process, cutting at least 30% of its workforce globally, or approximately 150 of the 500 employees, according to a re
SoftBank Founder Masayoshi Son had foreshadowed cost cutting this summer after the company posted a $21.6 billion quarterly loss for the Vision Fund.

SoftBank cuts about 150 staff globally -source

06:24am, Thursday, 29'th Sep 2022
Japan's SoftBank Group Corp is cutting around 150 staff globally at its Vision Fund unit and SoftBank Group International, a person familiar with the matter said, as CEO Masayoshi Son retrenches follo

SoftBank Said to Cut Valuation of IPO-Bound Oyo

08:52pm, Thursday, 22'nd Sep 2022
SoftBank Group Corp. is slashing the valuation of Oyo Hotels on its books by more than 20% as the Indian startup prepares for its IPO. Min Jeong Lee reports on Bloomberg Television.

SoftBank slashes Oyo's valuation to $2.7 billion

07:54am, Thursday, 22'nd Sep 2022
SoftBank, the largest backer of Oyo, has cut the Indian hotel chain startup's valuation to $2.7 billion despite its claims of improved finances in recent months, a person familiar with the matter said
SoftBank Group Corp founder and CEO Masayoshi Son will discuss a "strategic alliance" between chip designer Arm and Samsung Electronics during the billionaire's first visit to South Korea in three yea
Samsung Electronics Vice chairman Jay Y. Lee said on Wednesday that SoftBank Group Corp CEO Masayoshi Son is expected to visit Seoul next month, multiple South Korean media reported.
Its 2015 acquisition of Aldebaran didn't go as smoothly as SoftBank hoped. At the time, the French robotics startup was best known for its Nao, which had become a fairly ubiquitous presence in researc
Last week, we got a glimpse of how SoftBank is pulling away from some of its more exuberant investing of the past years, when news broke that it had sold its entire stake in edtech startup Kahoot, at

SoftBank-backed Ola to cut 200 jobs in India

07:06am, Monday, 19'th Sep 2022
SoftBank-backed Ola plans to eliminate about 200 jobs across its engineering teams over the next few days, on track to shrink its workforce by over 1,200 this year, as the ride-hailing giant streamlin
Shares of Kahoot! A/S KAHOT, +22.07% KAHTY, -17.57% rallied 23% Friday after General Atlantic said it would buy out Softbank Group Corp.'s 9984, +0.37% SFTBY, +0.43% 15% stake in the Norway-based game
SoftBank's retreat from its past investing exuberance continues apace. This morning, Kahoot, the Norwegian startup that provides a popular platform for people to build and use education-focused games,
Softbank said on Friday it had agreed to sell its 15% stake in Norwegian e-learning group Kahoot to U.S. private equity group General Atlantic FT BV.
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