SHARES

On Thursday, it was reported  that the Metropolitan Museum of Art is laying off more than 80 members, of staff, particularly in visitor services and retail, and cutting executive pay by 20 per cent and more. The museum now predicts losses of $150million (up from the $100million forecast in March). Daniel Weiss, president and chief executive of the Met, said, ‘While we are not immune from the impact of this pandemic, the Met is a strong and enduring institution and will remain one.’