The Miami City Ballet’s executive director has left his post after eight months amid reports that the organization is facing a financial crisis, according to The Miami Herald and the Palm Beach Daily News.

The new round of turmoil follows a shakeup last fall that saw Nicholas Goldsborough brought in as executive director and Edward Villella, the famed dancer who helped found the Miami company, announce his resignation as artistic director amid a dispute with the ballet’s board.

Internal documents show that the ballet was facing a $2-million deficit earlier this year, and Mr. Goldsborough had told staff last month to expect layoffs and furloughs. Programming will not be affected, nor will the number and compensation of the company’s dancers, ballet officials said.

The board president, Jim Pruitt, said that Mr. Goldsborough, who was hired based on a successful track record of raising money for Carnegie Hall, Harvard University, and other institutions, was let go as a cost-cutting measure. “It’s part of the board being fiscally responsible due to the urgent need to reduce expenses,” he said.