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Evening Standard
Evening Standard
Business
Simon Hunt

SoftBank cuts 150 jobs as investments plummet

SoftBank Masayoshi Son United States

Japanese billionaire Masayoshi Son

(Picture: REUTERS)

The world’s largest tech fund has axed 150 jobs in a bid to cut costs as it deals with the fallout from the plummeting value of its investments.

The SoftBank Vision fund, run by Japanese billionaire Masayoshi Son, is set to send notices out to employees in the UK, US and China, affecting around 30% of the workforce, according to the Reuters news agency.

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