SoftBank to lay off 30% of Vision Fund Staff | #softbank #softbankgroup #layoffs #venturecapital
Channel: Startup ERA
Date: 2023-06-14

SoftBank prepares a new round of layoffs which is 30% at Vision Fund

NEWS Source:- https://www.reuters.com/business/finance/softbank-prepares-new-round-layoffs-vision-fund-sources-2023-06-13/

Company Profile:- 

Founded: 1990
Industry: Finance, Financial Services, Venture Capital
Location: London, England, United Kingdom
Total Funding: Private Equity Firm, Venture Capital
Company Stage: Late Stage Venture
Founders: Masayoshi Son
Website: www.visionfund.com

SoftBank Vision Fund is a global investment fund established by SoftBank Group Corporation. With a primary focus on technology companies, the fund seeks to invest in innovative and disruptive businesses that have the potential to drive significant societal and economic transformation. SoftBank Vision Fund has a massive capital pool, making it one of the largest and most influential technology investment funds worldwide. The fund has invested in various sectors, including e-commerce, ride-hailing, robotics, artificial intelligence, and biotechnology. By providing substantial financial backing and strategic support, SoftBank Vision Fund aims to accelerate the growth and expansion of its portfolio companies, helping them scale their operations and achieve long-term success. The fund's investments have played a crucial role in shaping the global technology landscape and fueling the development of groundbreaking technologies.

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