Reuters first to report SoftBank shrinks robotics business

Reuters was first to report that SoftBank Group Corp is slashing jobs at its global robotics business and has stopped producing its humanoid robot Pepper as the conglomerate downgrades its industry ambitions. The pullback reflects the fading of Chief Executive Masayoshi Son’s plan to make SoftBank the leader in the robotics industry, producing human-like machines that could serve customers and babysit kids.