SoftBank Vision Fund Layoffs: Company to slash 20% jobs as founder Masayoshi Son makes big AI bets

The Vision Fund of SoftBank Group Corp is laying off 20 per cent of its workers amid founder Masayoshi Son’s attempt to shift focus to artificial intelligence, multiple reports said on Friday.According to the report by Bloomberg quoting sources, the Vision Fund unit of SoftBank is likely to let go of over 50 employees as part of the job cut. As of end of March this year, Vision Fund employed about 282 people.The Vision Fund layoffs is part of years of cutbacks as the unit lost its importance as compared to ...