share_log

SoftBank Looks To Downsize Vision Fund Workforce By 20%; Employees Fear Job Cuts Up To 50%

SoftBank Looks To Downsize Vision Fund Workforce By 20%; Employees Fear Job Cuts Up To 50%

软银寻求裁员20%愿景基金员工担心裁员高达50%
Benzinga Real-time News ·  2022/09/02 10:26
  • SoftBank Group Corp (OTC:SFTBF) (OTC:SFTBY) aims to slash at least 20% of employees at its loss-churning Vision Fund operation, Bloomberg reports.
  • The plan follows public pledges from founder Masayoshi Son to reduce the headcount at the leading tech investor.
  • SoftBank will slash a minimum of 100 positions, the report specified.
  • The cuts will mostly be in the U.K., U.S., and China operations. The Vision Fund unit had about 500 employees, including Latin America funds staff.
  • Executive fear downsizing of up to 50%.
  • Son shared widespread cost-cutting plans at his conglomerate and the Vision Fund investment arm after a record $23 billion loss.
  • Most of the losses came from a plunge in the valuations of portfolio companies, including Coupang, Inc (NYSE:CPNG) and DoorDash, Inc (NYSE:DASH). SoftBank also reported a loss of $6 billion in foreign exchange.
  • Rajeev Misra, who helped Son set up the initial Vision Fund with almost $100 billion in 2017, quit as a corporate officer and EVP at SoftBank.
  • SoftBank raised over $17 billion by selling forward contracts on Alibaba Group Holding Ltd (NYSE:BABA).
  • SoftBank began talks to sell asset manager Fortress Investment Group and launched a buyback plan of up to 400 billion yen.
  • Son targeted Arm Ltd's initial public offering in 2023.
  • Analysts raised possibilities of SoftBank going private, citing quarterly loss, pledge of heavy cost-cutting, and self-criticism.
  • Price Action: SFTBY shares traded lower by 0.41% at $19.54 on the last check Friday.
  • Photo Via Wikimedia Commons
  • 软银集团据彭博社报道，(场外交易代码：SFTBF)(场外交易代码：SFTBY)计划在亏损的愿景基金业务中裁员至少20%。
  • 该计划是在创始人孙正义公开承诺削减这家领先科技投资者的员工之后出台的。
  • 报告指出，软银将削减至少100个职位。
  • 裁员将主要集中在英国、美国和中国的业务。愿景基金部门约有500名员工，其中包括拉丁美洲基金员工。
  • 高管担心裁员幅度高达50%。
  • 在创纪录的230亿美元亏损后，孙正义在他的企业集团和愿景基金投资部门分享了广泛的成本削减计划。
  • 大部分亏损来自投资组合公司的估值暴跌，包括Coupang公司(纽约证券交易所代码：CPNG)和DoorDash，Inc.(纽约证券交易所代码：DASH)。软银还公布了60亿美元的外汇损失。
  • 拉吉夫·米斯拉在2017年用近1000亿美元帮助孙正义建立了初始愿景基金，他辞去了软银公司高管和执行副总裁的职务。
  • 软银通过出售远期合约筹集了超过170亿美元阿里巴巴(纽约证券交易所代码：阿里巴巴)。
  • 软银开始洽谈出售资产管理公司堡垒投资集团，并启动了高达4,000亿日圆的回购计划。
  • 孙正义在2023年瞄准了ARM有限公司的首次公开募股(IPO)。
  • 分析人士提出了软银私有化的可能性，理由是季度亏损、承诺大幅削减成本以及自我批评。
  • 价格行动：在周五的最后一次检查中，SFTBY的股价下跌了0.41%，至19.54美元。
  • 通过Wikimedia Commons拍摄的照片
声明：本内容仅用作提供资讯及教育之目的，不构成对任何特定投资或投资策略的推荐或认可。 更多信息
    抢沙发