Friday, August 21, 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

How To Turn a Boring Industry Into a Money-Making Advantage

by SB Crypto Guru News
August 20, 2026
0

Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Boring can be a goldmine. Unsexy industries often have outdated...

New documentary focuses on traditional crafts around the world and the pressures facing artisans – The Art Newspaper

by SB Crypto Guru News
August 20, 2026
0

A large, deep-blue marble plate with 5,000 inlaid stones sits in Irfan Ali’s workshop in Uttar Pradesh, India. Ali’s family...

‘Race against time’ to rescue Alabama Civil Rights landmark – The Art Newspaper

by SB Crypto Guru News
August 20, 2026
0

The Edistone Hotel has stood in downtown Selma, Alabama, since 1855 witnessing the tides of history, from slavery to the...

How This Family Has Kept Their Skillet Company for 130 Years

by SB Crypto Guru News
August 20, 2026
0

Opinions expressed by Entrepreneur contributors are their own. Lodge Cast Iron’s annual shareholder meeting doubles as a family reunion, three...

The Armory Show will launch two museum acquisition prizes at upcoming fair – The Art Newspaper

by SB Crypto Guru News
August 20, 2026
0

The Armory Show will launch two new museum acquisition prizes at its upcoming edition (24-27 September), with the Pérez Art...

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

  • Trending
  • Comments
  • Latest
Why the Founders Winning With AI Agents Aren’t the Ones Automating the Most

Why the Founders Winning With AI Agents Aren’t the Ones Automating the Most

August 14, 2026
AI Giants Unleash 4 Frontier Models in 3 Weeks as the Race Enters Overdrive

AI Giants Unleash 4 Frontier Models in 3 Weeks as the Race Enters Overdrive

July 26, 2026
AVAX Price Prediction: Bears Own This Chart — .98 Is the Next Stop

AVAX Price Prediction: Bears Own This Chart — $5.98 Is the Next Stop

August 16, 2026
How AI Agents Are Deleting the Steep Web3 Tooling Curve

How AI Agents Are Deleting the Steep Web3 Tooling Curve

August 15, 2026
How to Track Your Brand’s AI Visiblity in 2026 

How to Track Your Brand’s AI Visiblity in 2026 

August 1, 2026
Saylor and Strategy Officially Back CLARITY Act for US Crypto

Saylor and Strategy Officially Back CLARITY Act for US Crypto

July 31, 2026

BitGo Korea Scores VASP Approval, Unlocking South Korea’s $3T Crypto Market

0

Bitcoin ETF Inflows Hit $517M As Institutional Demand Returns

0

The Armory Show will launch two museum acquisition prizes at upcoming fair – The Art Newspaper

0

Injective Expands Tokenization Push With SEC Transfer Agent Status

0

Hyperliquid Briefly Flips Dogecoin In Market Cap As HYPE Rally Extends

0

Zcash miner buys 9.4% of merger target that warns failed deal could end in liquidation

0

Injective Expands Tokenization Push With SEC Transfer Agent Status

August 21, 2026

Hyperliquid Briefly Flips Dogecoin In Market Cap As HYPE Rally Extends

August 21, 2026

Zcash miner buys 9.4% of merger target that warns failed deal could end in liquidation

August 21, 2026

NAVI Prime Brings Curated Institutional Lending Markets To Sui

August 21, 2026

ARK’s Valente Sees RWA Trading Reshaping DeFi Platform Economics

August 20, 2026

How To Turn a Boring Industry Into a Money-Making Advantage

August 20, 2026
Facebook Twitter LinkedIn Tumblr RSS
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

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.