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Recession Signal? Softbank Vision Fund Weighs Downsizing Up To 30%

Recession Signal? Softbank Vision Fund Weighs Downsizing Up To 30%

衰退信号？软银愿景基金权衡裁员至多30%
Benzinga Real-time News ·  2022/09/29 14:34

  • Softbank Group Corp (OTC:SFTBF) has started laying off employees at its loss-making Vision Fund and will likely cut at least 30% of its staff.
  • Softbank has started telling some workers of the reductions, with at least 150 likely to be affected, Bloomberg reports.
  • The Vision Fund unit, headquartered in London, had about 500 employees, including the Latin America fund staff.
  • Earlier, founder Masayoshi Son had shared cost-cut intentions 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 South Korea's Coupang, Inc (NYSE:CPNG) and DoorDash, Inc (NYSE:DASH).
  • Internally, SoftBank planned Vision Fund unit staff cuts of at least 20%, while some argued for up to 50%.
  • SoftBank raised more than $17 billion by selling forward contracts on Alibaba Group Holding Ltd (NYSE:BABA).
  • Softbank also explored the launch of a new giant startup investment fund after the poor performance of its two earlier funds.
  • The leading startup investor will likely use its cash for the third SoftBank Vision Fund. SoftBank had also weighed putting additional money into Vision Fund 2.
  • Son plans to visit Seoul for the first time in three years and discuss a potential partnership between Arm Ltd and Samsung Electronics Co Ltd (OTC:SSNLF).
  • Price Action: SFTBF shares were down 0.38% at $34.28 at last check.
  • 软银集团(场外交易代码：SFTBF)已经开始在其亏损的愿景基金裁员，并可能至少裁员30%。
  • 据彭博社报道，软银已经开始向一些员工通报裁员计划，至少有150名员工可能会受到影响。
  • Vision Fund部门总部设在伦敦，约有500名员工，其中包括拉丁美洲基金员工。
  • 此前，方正孙正义在创纪录的230亿美元亏损后，他在他的企业集团和Vision Fund投资部门分享了削减成本的意图。大部分损失来自投资组合公司的估值暴跌，包括韩国的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)。
  • 在内部，软银计划愿景基金部门裁员至少20%，而一些人认为裁员比例高达50%。
  • 软银通过出售远期合约筹集了逾170亿美元阿里巴巴(纽约证券交易所代码：阿里巴巴)。
  • 在之前的两只基金表现不佳后，软银还探索推出一只新的巨头初创投资基金。
  • 这家领先的初创公司投资者可能会将其现金用于第三只软银愿景基金。软银也曾考虑向愿景基金2投入更多资金。
  • 孙正义计划三年来首次访问首尔，并讨论两国之间潜在的合作伙伴关系ARM有限公司和三星电子有限公司(场外交易：SSNLF)。
  • 价格行动：SFTBF股价下跌0.38%，至34.28美元。
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