The Tokyo-based company will slash a minimum of 100 positions<\/a> and may announce the job cuts<\/a> as early as this month, said the people, asking not to be named as the information is not public. The cuts will mostly be in the UK, US and China operations, which have the most headcount, said the people. The Vision Fund unit had about 500 employees including Latin America funds staff.
Son, the self-made billionaire founder of the group, had said in August he plans widespread cost-cutting at his conglomerate and the Vision Fund investment arm after a record $23 billion loss. Most of the losses came from a plunge in the valuations of portfolio companies, including South Korea Coupang Inc. and DoorDash Inc. SoftBank also reported a $6 billion foreign exchange loss because of the weaker yen.
Executives are still debating how extensive the cuts should be, with some calling for cuts as high as 50%, according to one person.
“As Masa said at our most recent earnings, we are reviewing the organization size and structure. However, nothing has been decided yet,” a company representative said in an email.
Senior and junior employees in both front and back offices are being scrutinized to an extent never seen before, the people said. The US has 200 people including Latam staff, the UK has 150 people while China has 50 people, according to another person.
Son had said last month that he would review “everything” for potential cuts without any “sacred cows.”
“The loss is the biggest in our corporate history and we take it very seriously,” he said at the time. “We have to resort to big cost-cutting efforts at Vision Fund. The cost cutting efforts will have to include a reduction in head count - something I’ve made up my mind to do.”
Rajeev Misra, who helped Son set up the initial Vision Fund with almost $100 billion in 2017, is stepping down from his roles as a corporate officer and executive vice president at SoftBank, the company said in a statement on Wednesday. He will continue to oversee the first Vision Fund’s existing investments, while Son has said he will take over the management of new investments under the second Vision Fund.
Son, who turned 65 in August, has been taking on increasing responsibility at the company he founded 40 years ago. Chief Operating Officer Marcelo Claure left earlier this year, while former Chief Strategy Officer Katsunori Sago resigned in 2021.
The Japanese entrepreneur has told investors that he is taking defensive steps to navigate his way through a brutal tech downturn. SoftBank said last month that it had raised more than $17 billion by selling forward contracts on Alibaba Group Holding Ltd., the Chinese e-commerce company that made Son’s reputation as a startup investor.
Son also said SoftBank has begun talks to sell asset manager Fortress Investment Group, acquired for $3.3 billion in 2017. To bolster SoftBank’s share price, Son unveiled a fresh program to buy back as much as 400 billion yen of its own stock.
Son is trying to wait out the technology slump so that he can pull off a successful initial public offering for Arm Ltd., the chip designer that SoftBank bought for $32 billion. The CEO is planning an initial public offering for Arm next year and has said he aims to make the offering the biggest-ever for a chip company.
<\/body>","next_sibling":[{"msid":93949492,"title":"Tech companies slowly shift production away from China","entity_type":"ARTICLE","link":"\/news\/tech-companies-slowly-shift-production-away-from-china\/93949492","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"93950965","title":"SoftBank buyout talk resurfaces after record loss piques market","entity_type":"IMAGES","seopath":"tech\/startups\/softbank-plans-vision-fund-staff-cuts-of-at-least-20\/softbank-buyout-talk-resurfaces-after-record-loss-piques-market","category_name":"SoftBank plans Vision Fund staff cuts of at least 20%","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-22586\/93950965.cms?width=150&height=112","link":"\/image\/tech\/startups\/softbank-plans-vision-fund-staff-cuts-of-at-least-20\/softbank-buyout-talk-resurfaces-after-record-loss-piques-market\/93950965"}],"msid":93951065,"entity_type":"ARTICLE","title":"SoftBank plans Vision Fund staff cuts of at least 20%","synopsis":"Son, who turned 65 in August, has been taking on increasing responsibility at the company he founded 40 years ago. Chief Operating Officer Marcelo Claure left earlier this year, while former Chief Strategy Officer Katsunori Sago resigned in 2021.","titleseo":"telecomnews\/softbank-plans-vision-fund-staff-cuts-of-at-least-20","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"Bloomberg","artdate":"2022-09-02 17:09:29","lastupd":"2022-09-02 17:09:54","breadcrumbTags":["softbank group","20% of staff","vision fund","masayoshi son","100 positions","job cuts","Industry"],"secinfo":{"seolocation":"telecomnews\/softbank-plans-vision-fund-staff-cuts-of-at-least-20"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2022-09-02" data-index="article_1">
- Telecom乐动扑克News
- 3分钟阅读
软银视野基金至少20%的裁员计划
儿子,65年8月,一直在承担越来越多的责任他40年前创立的公司。首席运营官马塞洛Claure今年早些时候离开了,虽然前首席战略官Katsunori西米在2021年辞职。
软银公司计划削减至少20%的员工在其loss-churning视觉基金操作,公开承诺孙正义减少员工人数在世界上最大的科技投资者,据知情人士透露。
东京的公司将削减最少100个职位和5月宣布裁员早在本月,要求不透露姓名的人说,尚未公开的信息。削减将主要在英国、美国和中国业务,人数最多,人们说。愿景基金单位约有500名员工包括拉丁美洲基金员工。
儿子,集团创始人白手起家的亿万富翁,8月份曾表示,他计划在他的企业集团普遍削减成本和视觉基金投资机构在创纪录的230亿美元的损失。大部分的损失来自暴跌的投资组合公司的估值,包括韩国Coupang Inc .)和DoorDash Inc .软银也公布了一项60亿美元的外汇损失,因为日元走弱。
高管们仍然在讨论应该如何,大量削减一些呼吁削减高达50%,根据一个人。
”玛莎说,我们最近的收益,我们正在评估组织的规模和结构。然而,目前尚无定论,”一位公司代表在一封电子邮件中说。
高级和初级员工前后办公室正在审查在某种程度上从未见过的,。美国有200人,其中包括一家员工,英国有150人,而中国有50人,根据另一个人。
儿子上个月表示,他将审查“一切”削减潜力没有任何“圣牛”。
“我们公司历史上的损失是最大的,我们认真对待它,”他说。“我们必须采取削减成本的努力大愿景基金。削减成本的努力必须包括总人数的减少,我下定决心要做的事情。”
Rajeev Misra,帮助儿子建立最初的愿景基金2017年近1000亿美元,正在从他的角色在软银公司官员和执行副总裁,该公司周三在一份声明中说。他将继续监督第一视觉基金的现有投资,虽然儿子已经表示,他将接管管理第二视觉下的新投资基金。
儿子,65年8月,一直在承担越来越多的责任他40年前创立的公司。首席运营官马塞洛Claure今年早些时候离开了,虽然前首席战略官Katsunori西米在2021年辞职。
日本企业家对投资者说,他正在采取防御性措施导航通过残酷的科技低迷。软银上月表示,它已经筹集了超过170亿美元通过卖出远期合约在阿里巴巴集团(Alibaba Group Holding Ltd .)的中国电子商务公司的儿子作为创业投资者的声誉。
儿子还表示,软银已经开始谈判出售资产管理堡垒投资集团,于2017年以33亿美元的价格收购。加强软库股价,儿子公布了一项新的计划回购高达4000亿日元的股票。
儿子正试图等待技术衰退,这样,他就可以完成一个成功的首次公开发行(ipo)的手臂有限公司软银以320亿美元收购的芯片设计。首席执行官计划首次公开发行(ipo)明年的手臂,并表示他的目标是使芯片公司提供有史以来最大。
东京的公司将削减最少100个职位和5月宣布裁员早在本月,要求不透露姓名的人说,尚未公开的信息。削减将主要在英国、美国和中国业务,人数最多,人们说。愿景基金单位约有500名员工包括拉丁美洲基金员工。
儿子,集团创始人白手起家的亿万富翁,8月份曾表示,他计划在他的企业集团普遍削减成本和视觉基金投资机构在创纪录的230亿美元的损失。大部分的损失来自暴跌的投资组合公司的估值,包括韩国Coupang Inc .)和DoorDash Inc .软银也公布了一项60亿美元的外汇损失,因为日元走弱。
高管们仍然在讨论应该如何,大量削减一些呼吁削减高达50%,根据一个人。
”玛莎说,我们最近的收益,我们正在评估组织的规模和结构。然而,目前尚无定论,”一位公司代表在一封电子邮件中说。
高级和初级员工前后办公室正在审查在某种程度上从未见过的,。美国有200人,其中包括一家员工,英国有150人,而中国有50人,根据另一个人。
儿子上个月表示,他将审查“一切”削减潜力没有任何“圣牛”。
“我们公司历史上的损失是最大的,我们认真对待它,”他说。“我们必须采取削减成本的努力大愿景基金。削减成本的努力必须包括总人数的减少,我下定决心要做的事情。”
Rajeev Misra,帮助儿子建立最初的愿景基金2017年近1000亿美元,正在从他的角色在软银公司官员和执行副总裁,该公司周三在一份声明中说。他将继续监督第一视觉基金的现有投资,虽然儿子已经表示,他将接管管理第二视觉下的新投资基金。
儿子,65年8月,一直在承担越来越多的责任他40年前创立的公司。首席运营官马塞洛Claure今年早些时候离开了,虽然前首席战略官Katsunori西米在2021年辞职。
日本企业家对投资者说,他正在采取防御性措施导航通过残酷的科技低迷。软银上月表示,它已经筹集了超过170亿美元通过卖出远期合约在阿里巴巴集团(Alibaba Group Holding Ltd .)的中国电子商务公司的儿子作为创业投资者的声誉。
儿子还表示,软银已经开始谈判出售资产管理堡垒投资集团,于2017年以33亿美元的价格收购。加强软库股价,儿子公布了一项新的计划回购高达4000亿日元的股票。
儿子正试图等待技术衰退,这样,他就可以完成一个成功的首次公开发行(ipo)的手臂有限公司软银以320亿美元收购的芯片设计。首席执行官计划首次公开发行(ipo)明年的手臂,并表示他的目标是使芯片公司提供有史以来最大。
评论
现在评论 阅读评论(1)所有评论
找到这个评论进攻?
下面选择你的理由并单击submit按钮。这将提醒我们的版主采取行动