SoftBank, a name we all are familiar with in the startup ecosystem. From setting up the world’s biggest investment fund “The SoftBank Vision Fund” to aggressively investing in tons of startups, SoftBank has established itself as a mark in the startup economy. But all is not going well with the brand.
For the past few months, SoftBank has been caught up in many controversies. From top executives resigning to many questioning the investments made by the fund, all is definitely not going well for the Japanese giant. The company is also facing trouble at its door with not many investors ready to pump money into the planned “Vision Fund 2”. Many analysts even believe that SoftBank will fall short of $108bn for the sequel fund.
But more than anything, SoftBank has been in the news for a totally different reason. Startups under the SoftBank portfolio have been witnessing massive layoffs for more than a few months now. Many startups under the Vision Fund umbrella have started to feel the heat of WeWork IPO debacle with SoftBank tightening its noose on them and their business functions.
Here is a list of all the startups who had to lay off their workforce amounting to SoftBank pressure:
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