Met Museum Lays Off 81, Says It’s Already Lost $150 Million

Salary and benefits constitute more than 65% of the Met’s annual budget. In addition to the layoffs, the museum announced today, April 22, that its top executives will be taking salary reductions. That includes 20% pay cuts for director Max Hollein and president and CEO Daniel H. Weiss and 10% for 11 other museum officers. – Hyperallergic

Source: Hyperallergic