Facing a deficit, the Contemporary Arts Centeris taking steps to get back in the black. Initiatives include a reduction in personnel (4 people or 16% of employees), a reorganization of staff in key areas, a 20% reduction in the director’s salary, increasing contributed and earned revenue, and reducing the draw on the museum’s investments.
The CAC says the financial challenges are largely due to the lingering impact of the economic downturn and the loss of funding sources. Raphaela Platow, CAC Director and Chief Curator says, "We could no longer to avoid the difficult decision to address personnel in our ongoing efforts to reduce expenses. These are talented and dedicated people. Yet we needed to realign staff and resources to current fiscal realities and the goals of our new strategic plan."
This is the second round of layoffs at the CAC. Another one occurred in 2008. The museum also stopped giving raises and instituted longer exhibition cycles then.
