The SoftBank Group has found that it will reduce about 30% of its employees at its investment fund.
In the financial results announced in August, we posted a deficit of more than 3 trillion yen, and we will shrink the investment business that was the cause of this and hurry to rebuild.
In response to the slump in the global stock market, the SoftBank Group announced in August that the final profit and loss for the three months until June was in the red, exceeding 3 trillion yen. In addition, it was planning to reduce the business of the investment fund under its umbrella and proceed with cost reduction measures without sanctuaries.
According to people involved, the investment fund "SoftBank Vision Fund" will reduce 150, or 30%, of the approximately 500 employees.
The company has started notifying the target employees from the 29th.
In September, the SoftBank Group sold part of its stake in Alibaba Group, China's largest online retailer, and removed it from its affiliated companies to which the equity method was applied. increase.
In the future, we will hurry to rebuild the profit structure of the entire group, such as strengthening the business of the British semiconductor development company "Arm", which we have as a core company of the group.