SoftBank-backed companies laid off more than 16,800 people in 2020 as the pandemic ravages startups

Business Insider


· SoftBank-backed companies are laying off thousands of employees globally as they struggle to find paths to profitability.
· In the first full week of 2020,* four companies – Oyo, Rappi, Getaround, and Zume – laid off a combined 2,600 employees. *
· In the last year, other SoftBank-backed companies including WeWork,...

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