"The Museum of Fine Arts, Boston is laying off 33 employees amid a growing $13 million budget deficit, triggering renewed tensions with its unionized workforce and raising concerns about the impact of cuts on curatorial and scholarly positions. The institution announced layoffs of 33 workers on January 28, or about 6.3 percent of its staff, effective Friday, January 30. It will also eliminate 23 positions that are currently vacant, for an overall reduction of 10 percent."
"The museum had raised a $40 million cash reserve, but membership was down by 10,000 people, and expenses had grown by $17 million, outpacing revenue. "Leadership came to this decision only after careful consideration and extensive analysis. It is a sad moment for the MFA and one we face with a heavy heart," the museum wrote in a statement. With salaries accounting for 55 percent of museum expenses, the job cuts will reportedly result in $5.4 million in savings."
The Museum of Fine Arts, Boston is cutting 33 staff positions and eliminating 23 vacant roles, reducing overall staffing by about 10 percent. The museum faces a projected $13 million deficit driven by expenses growing faster than revenue, a drop of roughly 10,000 members, and rising costs. Salaries make up about 55 percent of expenses, and the cuts are expected to save about $5.4 million. Additional measures include selling land in Hopkinton, reducing hours, staging fewer exhibitions, and closing the Fenway entrance. Several endowed curatorial posts are reportedly affected, prompting union and scholarly concerns.
Read at Artnet News
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