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.

What role do the 15 employees being cut from the operating group play in the Vision Fund?

What concerns are raised by the steep cuts to the operating group within the Vision Fund?