SoftBank CEO plans widespread cost cuts amid $23 billion in quarterly losses
Japanese conglomerate and tech investing powerhouse SoftBank revealed on Monday that it lost $23 billion between April and June, the most significant quarterly loss in the company’s history. CEO Masayoshi Son’s multibillion-dollar investment spree over the past few years has turned into a nightmare for SoftBank in 2022 as rising interest rates and recession fears …
SoftBank CEO plans widespread cost cuts amid $23 billion in quarterly losses Read More »