Vulcan informed its 650-person staff today that it will lay off about 50 employees, company spokesman David Postman says. “Vulcan is not immune to [current] market conditions.”
Layoffs are “project based,” Postman says, indicating specific departments will be eliminated, reduced, or postponed; however, he wouldn’t address which departments would bear the brunt, how much they would be impacted by layoffs, or when the staffers would be sent packing. But Vulcan isn’t cutting its real-estate division. Vulcan—best known for pumping South Lake Union with new development—also maintains a film production company, a tech project called FlipStart, and an asset-management company. “It’s a tight-knit place and the fact that 50 workers are laid off hits hard on those people and their families, and their coworkers here,” he says.
You’d think they could coast from all the assets Paul Allen has …
This is awesome. In one year no one in Seattle will have jobs!
This is highly illogical.
David Postman taught me what the term flack means, and modeled how to pronounce the term with just the right amount of put-upon-ness.
And now he is one. Weird.
Will the last person leaving Seattle please turn off the desktop?
@5 for the green win.
Plenty of Seattleites will still have jobs in a year, though it is true some of the jobs may be different. A whole new generation gets to learn why U.S. economists and social scientists tend to bite their nails when the unemployment rate rises even a little.
Aren’t like 2 in every 5 architects laid off right now? UGH.
@3 –
Dammit Ziggity! Paul Allen’s a multi-billionaire fanboy, not a captain of industry!