SoftBank Is Said to Have Started Vision Fund Staff Cuts

The transcript discusses the financial challenges faced by a company, including a record $23 billion loss primarily due to the devaluation of tech portfolios. In response, the company plans to cut at least 30% of the staff from its Vision Fund, based in London, affecting over 150 employees. The losses are largely attributed to the declining value of tech investments.

What significant financial loss did the company suffer recently?

What percentage of the staff from the Vision Fund is planned to be cut?

Where is the Vision Fund based?

What is the approximate size of the London-based staff of the Vision Fund?

What has contributed to the record loss experienced by the company?