SoftBank-backed CloudMinds slashes workforce amid cash burn: sources The Guardian

TOKYO (Reuters) - SoftBank-backed cloud robotics and artificial intelligence startup CloudMinds is slashing its global workforce as it burns through cash after repeated attempts to list on the stock market, people familiar with the matter said. Headed by former China Mobile 0941.HK research whiz Bill Huang, money-losing CloudMinds is the latest SoftBank 9984.T portfolio company to lay off workers. The job cuts include in China, two sources said, where the bulk of the company's workforce is based and where it generates most of its revenues. All the sources declined to be identified because the information is not public. CloudMinds did not respond to requests for comment and a SoftBank representative declined to comment.