Sunday, July 5, 2026
  • 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

SFMoMA lays off 29 employees amid $5m structural deficit

by SB Crypto Guru News
May 9, 2025
in NFT
Reading Time: 4 mins read
0 0
A A
0



The San Francisco Museum of Modern Art plans to lay off nearly 8% of its workforce, citing “financial challenges” to its operating model.

Twenty-nine SFMOMA employees will be terminated as the museum continues to grapple with increased competition for philanthropic support, low attendance and a $5m structural deficit.

“SFMoMA has an exceptional team—one that is immensely dedicated, passionate and talented. For that reason, among others, today’s reduction is difficult to both implement and share,” Christopher Bedford, the museum’s director, wrote in a public letter published on 7 May. “These are tough decisions, yet they are necessary in setting a sustainable future course for the museum.”

This is the second time Bedford has presided over significant layoffs during his three-year tenure as director.

The cuts will affect nine part-time and 20 full-time workers, as well as eliminating another 13 positions. Twenty-six of the terminated employees are Office and Professional Employees International Union Local 29 members, which is currently engaged in collective bargaining with SFMoMA in an attempt to stall the layoffs. The union said there had been “no notice” to staff regarding these surprise terminations, urging the museum to “cut from the top” instead. Employees now say leadership is “avoiding” them after a scheduled meeting between the union and administrators was cancelled, according to The San Francisco Chronicle.

In his public letter, Bedford emphasised the role the Covid-19 pandemic and the persistently lower attendance have played in the museum’s uncertain future. SFMoMA has revised its annual expected attendance down to 600,000, a by-product of decreased foot traffic and stalled tourism in San Francisco post-pandemic. These figures inspired seven lay-offs and the elimination of thirteen open positions in 2023, in addition to increases in ticket prices.

“We now know that we cannot simply return to a pre-pandemic era,” Bedford wrote. “We must set a new path forward grounded in the facts of the present.”

In his letter, Bedford highlighted attempts to identify new sources of support and potential philanthropic partnerships, underscoring the time and effort it will take to solidify those connections.

Such philanthropic funding has become all the more crucial since the start of Donald Trump’s second term as US president, which has ushered in drastic cuts to federal support for the arts. Already, a $210,000 federal grant to improve accessibility at SFMoMA appears to be in jeopardy, according to the San Francisco Standard.

“Establishing new revenue streams and growing philanthropic support, by nature, however, take time,” Bedford wrote. “As these efforts take root, we must continue to be vigilant about our budget and make critical decisions to reduce costs and scale the institution in alignment with our current context. Those reductions, unfortunately, include expenses both unrelated and related to our staff.”



Source link

Tags: Bitcoin NewsCrypto NewsCrypto UpdatesDeficitEmployeesLatest News on CryptolaysSB Crypto Guru NewsSFMOMAStructural
Previous Post

Pinterest CEO Says AI Helped Revenue Grow By 16%

Next Post

Matador Technologies Raising C$1 Million To Invest In Bitcoin

Related Posts

Tottenham talent: Lee Alexander McQueen’s foundation launches north London art hub – The Art Newspaper

Tottenham talent: Lee Alexander McQueen’s foundation launches north London art hub – The Art Newspaper

by SB Crypto Guru News
July 3, 2026
0

A sparkling new art hub with 14 artists’ studios, an education space and a top-notch new café has opened in...

Smithsonian museum will loan more than 200 works to institutions in all 50 states and Puerto Rico – The Art Newspaper

Smithsonian museum will loan more than 200 works to institutions in all 50 states and Puerto Rico – The Art Newspaper

by SB Crypto Guru News
July 3, 2026
0

On the eve of festivities in Washington, DC, marking 250 years since the signing of the US Declaration of Independence,...

Etruscan frescoes worth €15m go on display in Rome as part of Italian acquisition strategy – The Art Newspaper

Etruscan frescoes worth €15m go on display in Rome as part of Italian acquisition strategy – The Art Newspaper

by SB Crypto Guru News
July 3, 2026
0

Italy has unveiled an exhibition showcasing some of the finest surviving examples of Etruscan painting, marking the first public display...

British Museum to turn red for second fundraising ball – The Art Newspaper

British Museum to turn red for second fundraising ball – The Art Newspaper

by SB Crypto Guru News
July 3, 2026
0

The British Museum will host its second fundraising ball on 17 October following the high-profile Pink Ball last year which...

Pop star Jay Chou’s Matisse dream comes true with m purchase – The Art Newspaper

Pop star Jay Chou’s Matisse dream comes true with $20m purchase – The Art Newspaper

by SB Crypto Guru News
July 3, 2026
0

The Taiwanese pop star Jay Chou is making his mark in the art world, posting on social media that he...

Load More
Next Post
Matador Technologies Raising C Million To Invest In Bitcoin

Matador Technologies Raising C$1 Million To Invest In Bitcoin

NFT-Ecosystem Token Built on Solana (SOL) Falters After Gaining Surprise Support From Binance Futures

NFT-Ecosystem Token Built on Solana (SOL) Falters After Gaining Surprise Support From Binance Futures

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.