Met Opera Restructures With Layoffs and Shortened Season Amid Saudi Funding
TL;DR
Facing ongoing financial strain, the Metropolitan Opera announced layoffs, salary cuts for top executives, and postponement of a new production, while drawing on its endowment and a $200 million Saudi funding deal; the company may also sell its $55 million Chagall murals to stabilize finances.
Topics:entertainmentbusiness#business#endowment#layoffs#metropolitan-opera#salary-cuts#saudi-arabia-deal
Despite Drastic Financial Steps, Met Opera Turns to Layoffs and Cuts The New York Times
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