Story perspectives

SoftBank Cuts 20% of Vision Fund Team Amid AI Shift

9/19/2025

50 10

Summary

Story summary

SoftBank Group plans to cut nearly 20% of its Vision Fund team globally, marking its third round of layoffs since 2022.
This decision follows the fund's strongest quarterly performance since June 2021, fueled by gains in companies like Nvidia.
Founder Masayoshi Son is reallocating resources towards large-scale AI investments in the U.S., including the $500 billion Stargate project with OpenAI.
The restructuring signals a return to Son's high-risk investment strategy, moving away from a diverse startup portfolio.
SoftBank has invested $9.7 billion in OpenAI through Vision Fund 2, which manages approximately $65.8 billion.

1 of 1

Story summary

SoftBank Group plans to cut nearly 20% of its Vision Fund team globally, marking its third round of layoffs since 2022.
This decision follows the fund's strongest quarterly performance since June 2021, fueled by gains in companies like Nvidia.
Founder Masayoshi Son is reallocating resources towards large-scale AI investments in the U.S., including the $500 billion Stargate project with OpenAI.
The restructuring signals a return to Son's high-risk investment strategy, moving away from a diverse startup portfolio.
SoftBank has invested $9.7 billion in OpenAI through Vision Fund 2, which manages approximately $65.8 billion.