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An anonymous reader shares a report: SoftBank Group will lay off nearly 20% of its Vision Fund team globally as it shifts resources to founder Masayoshi Son’s large-scale AI bets in the United States, according to a memo seen by Reuters and a source familiar with the plan. The cuts mark the third round of layoffs at the Japanese investment conglomerate’s flagship fund since 2022. Vision Fund currently has over 300 employees globally. Unlike previous rounds, when the group…
