Philadelphia Art Museum Cuts Staff and Salaries and Mulls Ticket Increase
February 25, 2009
After its endowment lost more than a quarter of its value since July, the Philadelphia Museum of Art is eliminating 30 positions and cutting senior staff salaries to close an anticipated $5-million budget deficit, reports The Philadelphia Inquirer.
The job cuts amount to about 7 percent of the staff. The museum is also postponing major exhibits and will seek city approval to increase ticket prices, now in the $10-$14 range, come July.
