SoftBank prepares new round of layoffs at Vision Fund, Reuters reports

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SoftBank prepares new round of layoffs at Vision Fund, Reuters reports
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If finalized, this would follow the elimination of about 150 jobs globally at the investing arm and SoftBank Group International in September.

SoftBank has seen the valuation of its portfolio drop amid sharp interest rate hikes and rising U.S.-China tensions.

The layoffs, which could be announced in the next two weeks, may impact up to 30% of its staff at the unit, including employees in U.S., one of the people added. SoftBank's Vision Fund unit, which has booked heavy investment losses, had headcount of 349 at the end of March, according to a company report.

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