Saint Louis Art Museum lays off staff - St. Louis Business Journal:

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The affected workers were from acrosw all museum functions and represent less than 10 percent of thetotaol full-time work force, according to Jennifer Stoffe l director of external affairs for the As of April, the museum had 179 full-time employees and 107 part-timse employees. The staff reductions come aftedr two roundsof buyouts. The museum in April to 19 staffr members eligible for full or early Fourhave accepted. Twelve workers accepted an early retirement offerlast fall.
The museun said in that it facesz a varietyof challenges, including a declinew in revenue from the Metropolitan Zoological Park and Museum District, reduced funding from its lower levels of annual giving, lower incomwe from its shop and restaurant, and a drop in attendancre due to the closures of Interstate 64 and the Hampton Avenue overpass. The institution’sz endowment dropped to $63.6 million as of Feb. 28, down from $87 million on Aug. 31, 2008.