By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BublikArt GalleryBublikArt Gallery
  • Current
  • Art News
  • Art Exhibitions
  • Artists
  • Art Collectors
  • Art Events
  • About
  • Collaboration
Search
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Guggenheim Museum Announces Layoffs Amid Financial Struggles
Share
Notification Show More
Font ResizerAa
BublikArt GalleryBublikArt Gallery
Font ResizerAa
Search
  • Current
  • Art News
  • Art Exhibitions
  • Artists
  • Art Collectors
  • Art Events
  • About
  • Collaboration
  • Advertise
2024 © BublikArt Gallery. All Rights Reserved.
BublikArt Gallery > Blog > Art Collectors > Guggenheim Museum Announces Layoffs Amid Financial Struggles
Art Collectors

Guggenheim Museum Announces Layoffs Amid Financial Struggles

Irina Runkel
Last updated: 28 February 2025 22:34
Published 28 February 2025
Share
2 Min Read
SHARE


Another round of layoffs has hit the Solomon R. Guggenheim Museum in New York, as the institution struggles to balance its books in an era of dwindling tourism and rising costs, the New York Times reported Friday. The museum said it was cutting 20 jobs—7 percent of its staff—across multiple departments. Senior leadership, however, will remain untouched, and curators have been spared from the cuts.

The move comes despite efforts to steady the ship under Mariët Westermann, who took over as director and chief executive in 2024. Ticket prices have gone up, exhibition schedules have been trimmed down, and the museum’s endowment has grown—but not enough. “Our overall financial picture is not where it needs to be,” Westermann wrote in a staff letter, describing the layoffs as part of a broader “reorganization” meant to improve efficiency.

Related Articles

This marks the third round of job cuts at the Guggenheim in five years, following two previous waves that saw more than 30 staff members let go, including two deputy directors. The museum’s reliance on international tourism—a sector that has yet to recover fully from the pandemic—has been a key vulnerability. Meanwhile, its much-anticipated Guggenheim Abu Dhabi outpost remains in limbo, beset by delays and controversy, with no opening date in sight.

The museum’s union, which was not given prior notice of the layoffs, has filed a grievance and is demanding negotiations. “We will take whatever steps are necessary to protect our members’ jobs,” said Olga Brudastova, a union representative.

While the Guggenheim remains an architectural icon and a major cultural player, its recent track record suggests a deeper struggle to recapture the blockbuster success of its 2018 Hilma af Klint exhibition, which drew record crowds. Westermann, however, remains optimistic, telling the Times, “I remain steadfastly hopeful and enthusiastic about the opportunities before us.”

With budgets tightening across New York’s museum sector, enthusiasm alone may not be enough.

You Might Also Like

Ed Sheeran Is Ripping Off Jackson Pollock with His Paintings

Art Basel Selects Artist Wael Shawky to Lead Forthcoming Qatar Fair

Pioneer Works Hosts a MSCHF Sculpture You Can Take Home by the Inch

Archaeologists in Peru Unveil Ancient 3,500-Year-Old City of Peñico

Prospect New Orleans Will Not Mount Next Edition in 2027

Share This Article
Facebook Twitter Email Print
Previous Article First Old Masters collection valued over $100m to come to auction at Sotheby’s.
Next Article State and Federal Cuts to Arts and Culture Grants Threaten the Museum’s Future
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BublikArt GalleryBublikArt Gallery
2024 © BublikArt Gallery. All Rights Reserved.
  • Privacy Policy
  • Security
  • About
  • Collaboration
  • Contact
Welcome Back!

Sign in to your account

Lost your password?