SoftBank Vision Fund restructures, lays off 20% to double down on AI

In a strategic move Softbank group will reportedly layoff 20% of its Vision Fund workforce. As reported by Reuters, the internal memo the will is firing 20% of its workforce form the Vision Fund division. This move of the company marks the return to founder Masayoshi Son’s signature high-risk, high-reward investment style—this time focused squarely on artificial intelligence. As per Reuters, the fresh round of layoffs will impact 60 employees of the global team. Unlike previous reductions triggered by mounting losses, this round follows the fund’s strongest quarterly performance since June 2021, buoyed by gains in public holdings such as Nvidia and Coupang. “We continually adjust the organization to best execute our long-term strategy—making bold, high-conviction investments in AI and breakthrough technologies,” a Vision Fund spokesperson told Reuters.