Coin World reported that a memo shows that SoftBank will cut nearly 20% of its Vision Fund team globally to redirect resources towards founder Masayoshi Son's large-scale AI investments in the United States. This round of layoffs is the third for the flagship fund of this Japanese investment group since 2022. The Vision Fund website indicates that the fund currently has 44 employees. Unlike previous layoffs due to massive losses, this round of layoffs comes after the fund announced its strongest quarterly performance since June 2021 last month. This move indicates that the fund is shifting from a broad portfolio of startup investments. Sources say that while the fund will still make new investments, the remaining employees will channel more resources into Masayoshi Son's ambitious AI plans. Coin World news, a spokesperson for the Vision Fund confirmed the layoffs but did not disclose details.