Results tagged “charlesyoung”

LA's Museum of Contemporary Art may have been saved by Eli Broad and his millions, but their road to recovery will be long and hard. As part of their efforts to curb operational costs, and in what is becoming a disheartening national and local trend, the museum "has announced it will lay off 32 employees as part of an effort to finish the year free of debt," the Daily News reports. The layoffs reflect a 20 per cent reduction in staff, and affect 16 full-time and 16 part-time jobs. In addition to the layoffs, the museum's new Chief Executive, Charles Young, says "other cost-cutting operations would save the museum some $4.4. million annually."