Thursday, July 31, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

‘It’s having a battering’: behind the Tate’s latest round of layoffs – The Art Newspaper

by SB Crypto Guru News
March 17, 2025
in NFT
Reading Time: 4 mins read
0 0
A A
0



Tate is reportedly poised to cut 7% of its workforce as part of an institution-wide push to reduce costs. Approximately 40 roles have been cut via recruitment freezes, targeted restructures and voluntary exits. This follows the publication on 3 December 2024 of its 2023-2024 annual report and accounts, which stated that for 2024-2025 the museum group would be operating on a deficit budget.

In January, when asked for the exact amount of this deficit, a spokesperson declined to answer. Instead, they told The Art Newspaper: “The entire sector is being affected by the rising cost of utilities and services, the real-terms decline in public funding, and the impact of inflation on consumer spending and tourism.”

In 2020, after six months of Covid-induced closure, the institution openly sought staffing cuts of 12% in order to save the £4.8m it said it needed to survive the pandemic. The scheme was announced on its website; 167 people took up that offer. This time around, however, no voluntary redundancy scheme was publicly announced.

In December 2024, The Art Newspaper was informed that several senior directors were “being made redundant” and that “jobs across the institution were under consultation”. When asked to confirm this in January, a Tate spokesperson confirmed only that “there were no compulsory redundancies last year [in 2023-2024] and none so far this year [in 2024-2025].” When asked in late February about voluntary redundancies, a spokesperson said that there had “not yet been any voluntary redundancies in the 2024-25 financial year.”

Meanwhile, Polly Staple announced via Instagram on 12 December 2024, that she would be stepping down from her role as the Tate’s Director of Collection, British Art, at the end of the year. Neil McConnon, who was hired in 2020 as Director, International Partnerships, Tate Modern, has also departed.

These high-level exits have raised concern that by cutting roles, Tate risks stripping out crucial expertise at senior leadership level. Curatorial roles like Staple’s come with access to professional networks (of museum partners, artists and collections), as well as the critical creativity, experience and judgment that keep the institution’s programming robust, and now stands to be lost.

The Art Newspaper‘s exclusive visitor figures survey, which will be published later this month, shows that attendance in 2024, relative to 2019, put Tate Modern at -25%, Tate Britain at -32% and Tate St Ives at -37% (Tate Liverpool is closed until 2027). While this is in step with other struggling London museums (the National Gallery is at -47% and the Royal Academy, a staggering -50%), Tate is nonetheless doing worse than most international competitors. Even the Hermitage in St Petersburg is only down by -28% compared with 2019.

While some criticshave blamed Tate’s curatorial programming for its anaemic visitor numbers, Frances Morris, Tate Modern’s former director, says the offering is not responsible. Morris, who served on Tate staff for 35 years in total, sees it as “radical, broad, diverse”. She says: “Tate does genuinely reach out. There’s something for everybody. There have been some heavy hitters and maybe it could do with some more, but I commend the curatorial team, particularly at Tate Modern. Everything is done with integrity and skill, and that’s the thing that’s most at risk, in reducing the team that delivers the programme.”

The “real-terms decline” in public funds has made museums across the board particularly vulnerable. “I love the Tate and always have done,” Morris says. “I think it’s an amazing organisation with a great history and it will have a great future, it will survive. But it’s having a battering at the moment and that’s very upsetting to see — I have a lot of great friends there, too, and I don’t like to see them in distress. It is evident that this government needs to step up and understand that these are real crises affecting real people in museums whose work brings meaning to their audiences’ lives.”

Government support, however, is only part of the solution. As several sources put it, for Tate to weather this particular storm, its senior leadership needs a stronger sense of purpose and vision. It needs to fundamentally bolster its financial management. And it needs to better care for its employees.



Source link

Tags: ArtbatteringBitcoin NewsCrypto NewsCrypto UpdateslatestLatest News on CryptoLayoffsNewspaperSB Crypto Guru NewsTates
Previous Post

Binance Wallet Launches Zero-Fee Trading for All Swaps Until September 2025

Next Post

Rules > Followers: BYDFi’s Official Response to ExtraVOD’s False Allegations

Related Posts

Sotheby’s returns ancient Buddhist gem collection to India after legal pressure – The Art Newspaper

Sotheby’s returns ancient Buddhist gem collection to India after legal pressure – The Art Newspaper

by SB Crypto Guru News
July 31, 2025
0

Sotheby's has returned ancient gems linked to the Buddha's remains following pressure from the Indian government. The jewel collection, a...

George Lucas offers new details of Los Angeles museum at Comic-Con panel – The Art Newspaper

George Lucas offers new details of Los Angeles museum at Comic-Con panel – The Art Newspaper

by SB Crypto Guru News
July 30, 2025
0

George Lucas, the Star Wars film-maker and art collector who with his wife Mellody Hobson, the president and co-chief executive...

Nvidia Leaders Become Billionaires, Joining CEO Jensen Huang

Nvidia Leaders Become Billionaires, Joining CEO Jensen Huang

by SB Crypto Guru News
July 30, 2025
0

Two of Nvidia's senior leaders are now billionaires, joining co-founder and CEO Jensen Huang on the Bloomberg Billionaires Index.Nvidia's Chief...

Can Hauser & Wirth’s new Palo Alto space achieve what its rivals failed to? – The Art Newspaper

Can Hauser & Wirth’s new Palo Alto space achieve what its rivals failed to? – The Art Newspaper

by SB Crypto Guru News
July 30, 2025
0

The empire of Hauser & Wirth continues to expand, with the announcement today (30 July) that it will open a...

‘Slowing the process down’: how a bohemian Somerset art gallery is forging its own path – The Art Newspaper

‘Slowing the process down’: how a bohemian Somerset art gallery is forging its own path – The Art Newspaper

by SB Crypto Guru News
July 30, 2025
0

When the art world thinks of Somerset, most think of a few square miles in the east of the county...

Load More
Next Post
Rules > Followers: BYDFi’s Official Response to ExtraVOD’s False Allegations

Rules > Followers: BYDFi’s Official Response to ExtraVOD’s False Allegations

Gains EMI License from FCA

Gains EMI License from FCA

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.