Guggenheim Museum Announces Layoffs Amid Financial Struggles
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 …