SoftBank Group International layoff's about 10% of their staff


SoftBank Group International has roughly cut 10% of its staff as part of a plan to operate more efficiently, affecting about 2 dozen employees, MD's Murtaza Ahmed & Andres Freire too voluntarily departed. Mike Bucy, an operating partner at the firm who had been appointed as WeWork’s chief transformation officer in November SoftBank said this week it expects a wider net loss for the fiscal year ended in March, because of deeper struggles at one of its largest investments, office-sharing startup WeWork, expected to lose $8.4 billion

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