SoftBank's Vision Fund plans to cut its workforce by up to 20% as it pivots towards artificial intelligence investments. The fund, which had 282 employees in March, may eliminate over 50 positions. This strategic move aligns with Masayoshi Son's increasing focus on AI, reducing the Vision Fund's traditional role. A spokesperson confirmed the layoffs, emphasizing the need to align resources with the fund's long-term strategy of investing in AI and breakthrough technologies. The Vision Fund has been divesting key assets to support large-scale AI investments, necessitating fewer investment advisors as it concentrates on larger deals.
SoftBank Vision Fund to Reduce Workforce by 20% Amid AI Shift
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