The Met Museum Predicts $100 Million in Losses and Layoffs The assessment was shared in a letter to <br />department heads on Wednesday. The Metropolitan Museum of Art laid out a <br />three-step plan, which includes paying staff members <br />through April 4 while evaluating potential layoffs, <br />furloughs and voluntary retirements. From July through October, the museum <br />plans on “reopening with a reduced program <br />and lower cost structure that anticipates lower attendance for at least the next year.” The projection follows the museum's<br />announcement last week to close <br />all three of its locations in New York City. The Met previously closed for <br />two days on two occasions: <br />9/11 and Hurricane Sandy.
