Soft tooling is a mold cut from unhardened steel or aluminum rather than hardened tool steel. It is easier to machine, and that is the whole appeal.
Hardness is also what lets a mold hold a sharp parting line, a clean gate, and a consistent texture shot after shot. Without it the tool starts changing from the first cycle, slowly at first and then in ways you can see on the part.
Soft tooling is often compared with one hardened steel tool. Every program here runs on that steel tool, and this page explains how wear shows up on a softer cavity.