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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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SoftBank : Pizza robot startup, Zume, reportedly laying off most of its workforce

01/07/2020 | 01:36pm EDT

SoftBank-backed robotic pizza startup, Zume, plans to lay off up to 400 employees — 80% of its staff— and won't renew its Seattle lease in an effort to stop burning cash.

The layoffs are reportedly slated for next Monday, according to a Business Insider report citing anonymous sources.

The news was leaked, according to the report, despite Zume CEO Alex Garden's efforts to restrict communication, including holds on Zume executives from talking to investors and cancelling a company-wide meeting last month.

Engineering, corporate development and operations employees are reportedly taking the most impact of the lay off, which follows reported struggles by the company to solidify funding from SoftBank. 

The four-year-old Mountain View, California company had 496 employees at the start of this week, according to a LinkedIn company profile. That leaves less than 100 to run a company most recently worth $1 billion after $375 million venture-capital investment from SoftBank'sVision Fund
 

Copyright © 2020 Networld Media. All rights reserved., source Industry News

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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2022 6 040 B 55 286 M 55 286 M
Net income 2022 1 310 B 11 989 M 11 989 M
Net Debt 2022 14 983 B 137 B 137 B
P/E ratio 2022 8,69x
Yield 2022 0,70%
Capitalization 10 842 B 99 238 M 99 239 M
EV / Sales 2022 4,28x
EV / Sales 2023 4,05x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
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SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 329,00 JPY
Average target price 10 507,87 JPY
Spread / Average Target 66,0%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
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