No Mercy / No Malice

Things are Going From Bad to Worse at SoftBank

The Vision Fund is having an OyoMFG moment

Since January 2019, SoftBank Vision Fund firms have laid off over 10,700 employees — more than 2x the workforce of Twitter. And last year will soon be the good old days.

August turned into the mother of all summer bummers for the Vision Fund (let’s stop putting numbers on it, as this is the first and last fund from SoftBank). SoftBank was likely hoping Oyo’s growth would be the antibiotic to what…