Sources: SoftBank is planning to cut at least 20% of staff, or around 100 positions, at its loss-making Vision Fund operation, mostly in the UK, US, and China (Bloomberg)

Bloomberg:
Sources: SoftBank begins laying off Vision Fund employees, with cuts expected to impact over 100 people, or 20%+ of its staff, following massive losses  —  SoftBank Group Corp. has started laying off employees at its loss-making Vision Fund, with cuts expected to exceed 20% of its staff, according to people familiar with the matter.

Debby Wu / Bloomberg:
Taiwan pledges to work closely with the US and other allies to implement “very firm” export controls and prevent China’s military from acquiring advanced chips  —  Taiwan pledged to work closely with the US and other allies to prevent China’s military from acquiring state-of-the-art technology …

Wall Street Journal:
Sources: after its funds performed poorly, SoftBank considers launching a third Vision Fund; Vision Fund 2 is now worth 19% less than the $49B invested  —  Despite massive losses, Japanese billionaire Masayoshi Son has tried to chart a new path for the tech investment giant

Wataru Suzuki / Nikkei Asia:
SoftBank’s Vision Fund 2 made just one investment in August 2022 and one in September 2022, according to CB Insights, as Masayoshi Son rethinks his strategy  —  The Vision Fund revolutionized startup investing.  So why is Masayoshi Son rethinking his strategy?

Bloomberg:
Despite pledges, FEC filings show AT&T, Amazon, Intel, Comcast, and others quietly restarted donations to Republican election deniers during the 2022 midterms  —  Some of the biggest technology and telecom companies jettisoned pledges made in the wake of the US Capitol assault and gave money …

Reuters:
Sources: SoftBank sells 29.35M Paytm shares, or a 4.5% stake, for $200M, causing Paytm stock to drop 9%+; Vision Fund was Paytm’s second-largest shareholder  —  SoftBank Group Corp (9984.T) on Thursday sold a 4.5% stake in Indian digital payments giant Paytm (PAYT.NS) through block deals for $200 million …