SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say
NegativeFinancial Markets

SoftBank's Vision Fund is set to lay off 20% of its workforce as it pivots towards more aggressive investments in artificial intelligence. This decision reflects the company's strategic shift in response to changing market dynamics and the growing importance of AI technologies. While this move may position SoftBank for future growth, it also raises concerns about job security for many employees and the overall impact on the tech investment landscape.
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