SoftBank board member Tadashi Yanai will resign on Dec. 31, the company said in a statement. The resignation of Yanai, who joined SoftBank in 2001 as an independent director, raises questions about the company’s oversight going forward. The resignation leaves SoftBank with two non-executive board members out of 11 total directors. SoftBank didn’t immediately name a replacement. SoftBank’s...
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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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