So sad!
Despite Drastic Financial Steps, #TheMet #Opera Turns to #Layoffs & #Cuts
The largest #PerformingArts organization in the #UnitedStates will lay off workers, cut salaries & reduce its offerings.
It may also sell its #Chagall #murals that are valued at $55 million.
#art #economy
https://www.nytimes.com/2026/01/20/arts/music/met-opera-budget-cuts.html?smid=nytcore-ios-share
In the past 5 yrs, the #MetropolitanOpera has drained money from its endowment, entered a still-tentative $200M deal with Saudi Arabia & cut its performance schedule as it struggled to bring stability to an institution hammered by the #coronavirus #pandemic.
But in the latest sign of the persistent financial challenges facing the largest #PerformingArts org in the #US, #TheMet announced Tuesday that it would lay off workers, cut the salaries of its top-paid execs & postpone a new production….
