Chicago’s Steppenwolf Theatre is laying off 12% of its staff, effective immediately, in the wake of falling revenue streams, the end of federal COVID relief funding and diminishing subscribers.
is laying off 12% of its staff, effective immediately, in the wake of falling revenue streams, the end of federal COVID relief funding and diminishing subscribers.The cutbacks include 13 full-time employees as well as the elimination of seven open positions.
"We found that factors keeping our subscribers from coming back included traffic concerns, safety concerns and not wanting to come into the city, and long-lasting COVID concerns." "People are continuing to stay home and stream extraordinary programs and series, so the need to look outside the home for [entertainment] content continues to decrease," Flanagan said.
The theater’s overall operating budget declined from a pre-pandemic high of $20 million to $16 million in 2023. The reduction is reflected in the the current season’s programming, which features six productions as opposed to eight last season, and nine in years past. "It’s an artistic hub for the community and for the artists who present their work here," Flanagan said, "whether it’s a show we produce or a show we present."
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Steppenwolf Theatre announces major layoffs: ‘We’re not too big to fail’The theater said Thursday that it was laying off 12% of its staff.
Leer más »
Steppenwolf Theatre Company announces layoffs for 13 current staffersThe celebrated Steppenwolf Theatre said it has it a rough financial patch.
Leer más »
Miley Cyrus claims she worked demanding 12-hour schedule at ’12 or 13 years old’'Hannah Montana' actress Miley Cyrus detailed her grueling 12-hour work schedule at '12 or 13 years old' while working on the popular Disney show.
Leer más »
Arizona, Arizona State and Utah Leaving Pac-12 for Big 12Arizona, Arizona State and Utah join the Pac-12’s mass exodus as all three follow Colorado to the Big 12.
Leer más »
Wonder Theatre brings classic Sondheim musical Into the Woods to the Woodlawn Theatre stageThe show uproots fairytale protagonists from their peaceful homelands and thrusts them into a dark forest haunted by a vengeful witch's curse.
Leer más »
12 unresolved issues in Pa.’s budget: hospital help, teacher stipends, moreWhile Pa. has a $45.45 billion enacted budget bill, a number of items that it provides funding for still need legislative authorization.
Leer más »