‘Cost-cutting’ announcement comes amid uncertainty over deal struck with Saudi Arabia to perform in Riyadh
New York’s Metropolitan Opera has announced a round of layoffs, pay cuts and program reductions as it grapples with financial strain.
The organization cited problems left over from the Covid pandemic, which drastically affected performing arts shows across the US and internationally.
The cuts include salary reductions of between 4% and 15% for 35 executives earning more than $150,000, including the Met Opera’s general manager Peter Gelb, who earned approximately $1.4m in 2024, the New York Times reported on Tuesday.
Other senior figures affected include music director Yannick Nézet-Séguin who earned $2.05m in the most recently disclosed fiscal year.
