Metropolitan Opera Announces Layoffs, Salary Cuts, and Reduced Programming Amid Ongoing Financial Strain
The Metropolitan Opera has announced a new round of cost-cutting measures, including layoffs, executive pay reductions, and a scaled-back production schedule, as it continues to grapple with financial instability, according to reporting by the The New York Times. The company said it will eliminate 22 administrative positions and temporarily reduce salaries for its highest-paid executives, with cuts ranging from 4 …