The Brooklyn Museum has offered voluntary buyouts to staff members as part of a belt-tightening aimed at erasing a projected $3 million deficit, The New York Times and The Wall Street Journal write. Anne Pasternak, who joined the museum as director last year, informed employees of the plan Wednesday.
The museum raised attendance and tripled its endowment under previous director Arnold Lehman, but expenses have also grown markedly: The fiscal 2016 budget of $38.6 million is up 20 percent from 2013. The “course correction,” as Ms. Pasternak called it, will also include trims in nonessential spending and investment in revenue-generating operations like the museum’s restaurant and shop. New York’s Metropolitan Museum of Art and the Museum of Modern Art have also recently announced cutbacks.