SoftBank Said to Expand Vision Fund Job Cuts After Record Loss

The Vision Fund is expected to cut around 80 employees, which is about 15% of its workforce. This move is not surprising given the fund's recent poor performance, particularly with investments in Uber and WeWork, leading to significant losses. The fund aims to reduce costs by 20%. Vision Fund 1 has ceased new investments, having spent over 85% of its capital. The cuts will affect the operating group, which supports portfolio companies, raising concerns about the fund's ability to manage its existing investments effectively.

How many employees is the Vision Fund expected to cut?

• 50

• 80

• 100

• 120

What percentage of the workforce does the 80 employee cut represent?

• 15%

• 20%

• 10%

• 25%

What has been a major cause of the Vision Fund's recent financial losses?

• Real estate investments

• Technology sector downturn

• Poor performance in Uber and WeWork

• Increased operational costs

What percentage of its capital has Vision Fund 1 already spent?

• 95%

• 85%

• 70%

• 50%

Which group within the Vision Fund is primarily affected by the cuts?

• Marketing department

• Operating group

• Research division

• Investment team