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

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

衰退信號？軟銀願景基金權衡裁員至多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.
  • 軟銀集團(場外交易代碼：SFTBF)已經開始在其虧損的願景基金裁員，並可能至少裁員30%。
  • 據彭博社報道，軟銀已經開始向一些員工通報裁員計劃，至少有150名員工可能會受到影響。
  • Vision Fund部門總部設在倫敦，約有500名員工，其中包括拉丁美洲基金員工。
  • 此前，方正孫正義在創紀錄的230億美元虧損後，他在他的企業集團和Vision Fund投資部門分享了削減成本的意圖。大部分損失來自投資組合公司的估值暴跌，包括韓國的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)。
  • 在內部，軟銀計劃願景基金部門裁員至少20%，而一些人認為裁員比例高達50%。
  • 軟銀通過出售遠期合約籌集了逾170億美元阿里巴巴(紐約證券交易所代碼：阿里巴巴)。
  • 在之前的兩隻基金表現不佳後，軟銀還探索推出一隻新的巨頭初創投資基金。
  • 這家領先的初創公司投資者可能會將其現金用於第三隻軟銀願景基金。軟銀也曾考慮向願景基金2投入更多資金。
  • 孫正義計劃三年來首次訪問首爾，並討論兩國之間潛在的合作伙伴關係ARM有限公司和三星電子有限公司(場外交易：SSNLF)。
  • 價格行動：SFTBF股價下跌0.38%，至34.28美元。
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