The Metropolitan Museum of Art has laid off 34 employees in an effort to cut a budget deficit, according to art news publications.
The Museum, one of the largest in the country, faces an estimated $10 million budget deficit, though some reports suggest the financial shortfall could approach $40, Artnet reported.
A majority of those who were laid off worked in the digital media department. The number who lost jobs was fewer than the Met had anticipated.
“These are difficult decisions. We’re disappointed to be losing good colleagues, but we’re making very good progress on the process we put in motion,” Daniel H. Weiss, the Met’s president and chief operating officer, told the New York Times. “Our goal was to meet the budget objectives that we have without in any way diminishing the core mission of the museum.”
As part of its cost-cutting moves, the museum might reduce the number of exhibitions it organizes every year, The Art Newspaper reported. It also hopes to increase revenue from ticketing and retail operations.
Prior to the layoffs, the museum employed about 2,200 workers.
Fifty staff members accepted buyouts in July.