Pace Gallery Cuts 50 Artists and 50 Staff Amid Industry Criticism

On June 4, 2026, Pace Gallery terminated 50 employees and removed 50 artists, with CEO Marc Glimcher attributing the decision to an 'unfixable' gallery model, though he later accepted accountability. Employees expressed confusion over the sudden layoffs. In Hyperallergic, Barbara Pollack criticized Marc Spiegler’s New York Times piece that justified these cuts, which included insights from gallery staff in an investigative report. Meanwhile, on June 24, two earthquakes struck Venezuela, resulting in a death toll of at least 589, with many individuals still unaccounted for. In other developments, Claire Valdez emerged victorious in the NYC primary for NY-07, Mayor Zohran Mamdani launched a World Cup poster initiative, and there are calls for a two-year AI moratorium in NYC schools. Additionally, collector James Wagner passed away at the age of 85.