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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%

軟銀尋求裁員20%願景基金員工擔心裁員高達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
  • 軟銀集團據彭博社報道，(場外交易代碼：SFTBF)(場外交易代碼：SFTBY)計劃在虧損的願景基金業務中裁員至少20%。
  • 該計劃是在創始人孫正義公開承諾削減這家領先科技投資者的員工之後出臺的。
  • 報告指出，軟銀將削減至少100個職位。
  • 裁員將主要集中在英國、美國和中國的業務。願景基金部門約有500名員工，其中包括拉丁美洲基金員工。
  • 高管擔心裁員幅度高達50%。
  • 在創紀錄的230億美元虧損後，孫正義在他的企業集團和願景基金投資部門分享了廣泛的成本削減計劃。
  • 大部分虧損來自投資組合公司的估值暴跌，包括Coupang公司(紐約證券交易所代碼：CPNG)和DoorDash，Inc.(紐約證券交易所代碼：DASH)。軟銀還公佈了60億美元的外匯損失。
  • 拉吉夫·米斯拉在2017年用近1000億美元幫助孫正義建立了初始願景基金，他辭去了軟銀公司高管和執行副總裁的職務。
  • 軟銀通過出售遠期合約籌集了超過170億美元阿里巴巴(紐約證券交易所代碼：阿里巴巴)。
  • 軟銀開始洽談出售資產管理公司堡壘投資集團，並啟動了高達4,000億日圓的回購計劃。
  • 孫正義在2023年瞄準了ARM有限公司的首次公開募股(IPO)。
  • 分析人士提出了軟銀私有化的可能性，理由是季度虧損、承諾大幅削減成本以及自我批評。
  • 價格行動：在週五的最後一次檢查中，SFTBY的股價下跌了0.41%，至19.54美元。
  • 通過Wikimedia Commons拍攝的照片
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