Layoffs Hit the Met

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On the same day we learn that the museum has just dropped $1 million on an Old Master, the Metropolitan Museum of Art has announced that it's eliminating 74 merchandising jobs — accounting for 27 percent of its full-time and 9 percent of its part-time retail staff — and that it'll likely need to trim as many as 250 positions before next July. This is all in addition to the 53 that were let go over the past year. [NYT]