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May 14, 2008, 01:39 PM ET
Getty Trust Cuts 114 Jobs to Free Money for Arts Programs
The J. Paul Getty Trust, in Los Angeles, is cutting 114 positions so it can free resources to spend on its visual-arts programs, reports The Los Angeles Times.
However, fewer than 40 people have been laid off, as many positions were saved through attrition, retirement, or buyout packages, the newspaper reports. The organization said it achieved much of its goal through savings on maintenance, information technology, and security.
The decision to reduce the number of staff members came after a strategic-planning effort conducted by its chief executive, James Wood, who took over the institution in early 2007, the newspaper reports.
“This is to ensure that we have flexible funds to devote to both building our collections,” Mr. Wood told the newspaper, “and undertake targeted strategic initiatives where we feel we can really make a difference.”
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