New York, Solomon R. Guggenheim Museum

Guggenheim Museum Announces Layoffs Amid Financial Challenges

By Elysia Lior, 03 Mar 2025

The Solomon R. Guggenheim Museum in New York has announced a new round of staff layoffs, cutting 20 positions, which represents 7% of its total workforce. The decision comes as part of a broader cost-cutting initiative aimed at addressing ongoing financial difficulties that have plagued the institution since the pandemic.

This marks the third time in five years that the Guggenheim has implemented layoffs, reflecting the museum sector’s slow recovery from the disruptions caused by COVID-19. The museum has been struggling with a decline in international tourism, rising operational costs, and lower-than-expected ticket revenue. In a public statement, museum officials acknowledged the difficulties faced by employees and assured that the layoffs were made to ensure the institution’s long-term sustainability.

As cultural institutions worldwide adjust to evolving audience behaviors, the Guggenheim is expected to reassess its programming, funding strategies, and visitor engagement initiatives. Despite the financial struggles, the museum remains committed to its mission of fostering innovation and accessibility in the arts, with plans to host several major exhibitions later in 2025.