Paul Allen

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.

Comments

  • Guest

    Times are tough all over.  Seems like Paul could have been a bit more humane in terms of giving people time to find new jobs and using attrition before pulling the ripcord.  He can certainly afford it.

  • Guest

    May be he did. 

    • Guest

      Given that they announced layoffs, clearly they didn’t.

      • Guest

        Yachts cost a lot to maintain. Something’s gotta give.

  • andria john

    Vulcan, the Seattle-based investment arm of billionaire and Microsoft
    co-founder Paul Allen, today laid off 20 staffers, GeekWire has learned.

  • Towen97302

    Everybody is trimming fat.

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