Getty to lay off nearly 100 employees

KPCC has learned that nearly 100 employees of the Getty are scheduled to receive layoff notices as soon as tomorrow. KPCC’s Adolfo Guzman-Lopez has the story.

KPCC has learned that nearly 100 employees of the Getty are scheduled to receive layoff notices as soon as tomorrow. KPCC’s Adolfo Guzman-Lopez has the story.

Adolfo Guzman-Lopez: The all-staff e-mail from Getty Trust President Jim Wood says 97 employees will find out their jobs have been eliminated. About 1,500 people work at the Getty. Wood plans to answer some of their questions at two employee meetings Wednesday and Thursday, the e-mail says.

This is the second round of layoffs at the nation’s wealthiest cultural institution since Wood became president two years ago. Attendance has grown at the Brentwood campus but the stock market’s dragged the Getty’s multibillion-dollar endowment down with it. Because of that, administrators say they must cut more than $200 million from next year’s budget.

One employee said the mood is grim among employees after Wood sent the e-mail – although some are relieved they’ll know soon whether they’ll keep or lose their jobs.

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