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N.Y.'s Met Museum Projects $150 Million Shortfall, Lays Off 81 Employees

The Metropolitan Museum on Mar. 13, the first day it was closed due to the coronavirus.
Mark Kauzlarich
/
Bloomberg via Getty Images
The Metropolitan Museum on Mar. 13, the first day it was closed due to the coronavirus.

New York's Metropolitan Museum of Art says that it now expects its budget shortfall to be much worse than previously predicted. On Wednesday, the museum announced that due to its closure during the coronavirus pandemic, it believes its shortfall for this fiscal year may be as large as $150 million — a third larger than it announced just a month ago.

The museum also laid off 81 employees in its customer service and retail departments on Wednesday. Additionally, the Met's top executives, including its president and CEO, Daniel H. Weiss, are taking substantial pay cuts. Both Weiss and the museum's director, Max Hollein, will be taking cuts of 20 percent, while other top executives will be taking 10 percent cuts.

The Met is the largest art museum in the U.S. and one of the city's most-visited tourist attractions. It closed all three of its locations on March 13: the modern and contemporary art-focused Met Breuer, the Met Cloisters (which is dedicated to medieval European art and architecture) and the Met's iconic flagship museum on Fifth Avenue.

The Met had expected that it could reopen in July. But in New York City right now, that date seems less and less realistic.

Previously, the Met had canceled its 150th anniversary celebrations, which were scheduled for June.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Anastasia Tsioulcas is a reporter on NPR's Arts desk. She is intensely interested in the arts at the intersection of culture, politics, economics and identity, and primarily reports on music. Recently, she has extensively covered gender issues and #MeToo in the music industry, including backstage tumult and alleged secret deals in the wake of sexual misconduct allegations against megastar singer Plácido Domingo; gender inequity issues at the Grammy Awards and the myriad accusations of sexual misconduct against singer R. Kelly.

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The independent journalism and non-commercial programming you rely on every day is in danger.

If you’re reading this, you believe in trusted journalism and in learning without paywalls. You value access to educational content kids love and enriching cultural programming.

Now all of that is at risk.

Federal funding for public media is under threat and if it goes, the impact to our communities will be devastating.

Together, we can defend it. It’s time to protect what matters.

Your voice has protected public media before. Now, it’s needed again. Learn how you can protect the news and programming you depend on.

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