Vulcan, the Seattle-based investment arm of billionaire and Microsoft co-founder Paul Allen, today laid off 20 staffers, GeekWire has learned.
“We communicated the tough decision today to lay off 20 people as we realign some functions with the company’s emerging priorities,” said Vulcan spokesman David Postman.
Allen has been in the news recently, donating $300 million to the Allen Institute of Brain Science in March and launching a new space venture known as Stratolaunch Systems last December.
Vulcan eliminated 50 jobs in 2009, at the time a nine percent reduction. The investment arm oversees Allen’s vast holdings, from sports teams to museums to venture capital investments.