The Solomon R. Guggenheim Museum announced a layoff of 20 employees, or 7% of its workforce, amid escalating financial difficulties. Director Mariet Westermann noted in a staff letter that prior efforts, such as increasing the endowment and raising ticket prices, have failed to sufficiently improve finances. The layoffs affect six departments, excluding curators and top executives. This decision follows trends in the New York museum sector, facing challenges like rising costs and decreased attendance post-COVID. Similar financial struggles have been reported by other institutions, such as the Brooklyn Museum.
Mariet Westermann, the Guggenheim Museum's director and chief executive, emphasized the need for fiscal responsibility, stating, 'Our overall financial picture is not where it needs to be.'
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