SoftBank plans to cut at least 30% of the Vision Fund workforce, resulting in 150 job cuts

According to Chain Catcher news and a report by CNBC, SoftBank's Vision Fund has initiated a comprehensive layoff, with a layoff rate of 30%, affecting 150 employees. SoftBank's CEO and founder Masayoshi Son stated that the company will review the scale and structure of the organization and plans to implement cost reductions, as the company's losses reached a record 3.2 trillion yen (approximately 23.4 billion USD) in the three months ending in June. It is reported that despite the significant losses, SoftBank is still considering launching a third Vision Fund.

Examples of SoftBank Vision's investments in the crypto industry include DeFi trading service company BloXroute and blockchain gaming company Improbable. (Source link)