LONDON/TOKYO -- SoftBank Group's Vision Fund has begun to cut about one-third of its workforce to survive a prolonged downturn in tech valuations.
SoftBank
SoftBank Vision Fund to cut one-third of staff in tech downturn
Investment vehicle to shed about 150 employees as deal-making slows
As publicly traded tech stocks declined due to rising interest rates, so did the valuations of the unlisted stocks in which SoftBank invested. (Photo by Mayumi Tsumita)
Read Next
Latest on SoftBank
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
