Sources: SoftBank begins laying off Vision Fund employees, with cuts expected to impact over 100 people, or 20%+ of its staff, following massive losses (Bloomberg)

Bloomberg:
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  —  SoftBank Group Corp. is planning to cut at least 20% of staff at its loss-churning Vision Fund operation, following public pledges …

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?

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 …

Financial Times:
Analysis: Masayoshi Son personally owes SoftBank ~$5B due to its growing losses; his stake in the second Vision Fund is close to zero, down from $2.8B in 2021  —  Market crash also wipes out value of Japanese founder’s stake in second Vision Fund  —  Masayoshi Son personally owes SoftBank close …

Jennifer Pattison Tuohy / The Verge:
Hands-on with Matter devices at an official launch event; Matter has a long way to go before it delivers on a promise of an interoperable and simple smart home  —  At the official launch event for Matter this week, I saw a lot of exciting things: a Google Nest Hub controlling an Eve Energy smart plug …