Finances – MOSAEC

Guggenheim Lays Off 20 Employees as Financial Challenges Persist

The museum has suffered from rising costs and lower attendance. The cuts followed those at the Brooklyn Museum, which trimmed 10 percent of its staff this month.

By Zachary Small and Charlotte Burns

Bankruptcies Finances Hudson (Ohio) Jo-Ann Stores Mergers, Acquisitions and Divestitures Shopping and Retail

Joann, 80-Year-Old Crafts and Fabrics Retailer, Will Close All Stores

The announcement that the chain would close all 800 of its stores in 49 states comes after a period of financial turmoil.

By Sara Ruberg

Bankruptcies China China Health Holding Communist Party of China Coronavirus (2019-nCoV) Finances Health Insurance and Managed Care Hospitals Politics and Government

Chinese Hospital Bankruptcies Soar Amid Financial Strains

Still recovering from heavy spending during the pandemic, hospitals are squeezed by a slumping economy and government efforts to curb health care spending.

By Claire Fu Daisuke Wakabayashi and Keith Bradsher

Brooklyn Museum Coronavirus (2019-nCoV) Finances Layoffs and Job Reductions Museums Organized Labor Pasternak, Anne

Brooklyn Museum Will Lay Off Employees and Scale Back Exhibitions

The museum, which faces a projected $10 million deficit, said it planned to cut more than a tenth of its employees and mount fewer exhibitions.

By Zachary Small