Guggenheim’s senior administration won’t cut back salaries, in response to a spokesman for the museum Tina VAZ. The lower is distributed to 6 departments, together with progress, training, publications and archives, however don’t have an effect on curators and senior leaders. Furthermore, the museum’s chief curator, Naomi Beckitwhich organizes two main exhibitions in Europe for exterior establishments, will proceed in its function (and she or he is finishing work on a big solo exhibition for the artist Rashid JohnsonA former museum trustee that opens in Guggenheim in April).
The dismissals have been the final signal that the New York Museum sector suffered from growing overhead prices and a extra visiting after the Covid pandemic. Earlier this month, Brooklyn Museum He stated she faces an estimated deficit of $ 10 million, plans to scale back 40 staff and set up a fewer exhibitions. On Friday, the New York Metropolis Council held a listening to to judge the attainable results of reducing a funds on city providers, together with cultural establishments.
Guggenheim staff have refused to clarify what the museum’s predicted deficit is or how a lot Westerman is paid as a director and CEO, saying that they’ll launch monetary information later this 12 months. The museum’s working funds in 2023, the final tax submitting, was $ 72.5 million and the donation was $ 124.6 million. (Salaries characterize about 60 p.c of the funds.) For every of the earlier 4 years, Richard Armstrong, the director by 2023, had frequent compensation packages, together with retirement earnings and deferred advantages exceeding $ 1 million a 12 months, in response to tax paperwork.
This would be the third spherical of cuts in 5 years in Guggenheim. Two waves with extra cuts have led to greater than 30 staff who misplaced their jobs, together with two deputy administrators.
Maybe greater than something, Guggenheim relied on worldwide tourism, which dropped considerably after the pandemic. He additionally expects Guggenheim Abu Dhabi’s guarantees, his advance within the United Arab Emirates, which has been injured controversial And delays. The museum has not but introduced the opening date of Guggenheim Abu Dhabi, which is being constructed.
