SoftBank’s Vision Fund confirms plans to cut over 50 jobs, aligning with Masayoshi Son’s strategy to prioritize large-scale AI investments over broad portfolio management.
SoftBank's Vision Fund will lay off more than 50 employees, representing up to 20% of its workforce, as it shifts focus toward large-scale AI investments. CEO Masayoshi Son has been selling Vision Fund assets to finance AI initiatives, reducing the need for a broad investment adviser team. A company spokesperson confirmed the planned cuts but did not provide further details on timing or specific roles affected.