ARTFEED — Contemporary Art Intelligence

New York Museums Reopen with Financial Strain and Staff Cuts

institutional · 2026-04-27

Museums in New York are beginning to reopen following closures due to COVID-19, grappling with financial setbacks and workforce reductions. According to the American Alliance of Museums, the sector contributes $50 billion annually to the U.S. economy, suffering daily losses of $33 million during the shutdowns, with a possibility that one-third may not resume operations. The Metropolitan Museum of Art reopened on August 29, implementing limited visitor capacity, a 20% workforce cut, and salary reductions, while the Met Breuer has closed permanently. MoMA reopened on August 27 with timed entry and a 17% staff decrease, and MoMA PS1 lost 47 out of 64 employees. The Whitney reopened on September 3 with a pay-what-you-wish model, reporting $7 million in losses. The New Museum is set to open on September 15, facing $2.9 million in losses and salary cuts. The Guggenheim will reopen on October 3, anticipating a $10 million deficit, while the Brooklyn Museum reopens on September 12, having incurred $7.6 million in losses.

Key facts

  • New York museums lost $33 million per day during COVID closure
  • One third of American museums may not reopen
  • Met reopened Aug 29 with 20% staff reduction
  • MoMA reopened Aug 27 with 17% staff reduction
  • Whitney reopened Sep 3 with 76 staff laid off
  • New Museum opens Sep 15 with $2.9 million losses
  • Guggenheim opens Oct 3 with $10 million projected deficit
  • Brooklyn Museum opens Sep 12 with $7.6 million losses

Entities

Artists

  • Donald Judd
  • Agnes Pelton
  • JR
  • Max Hollein
  • Daniel H. Weiss
  • Lisa Phillips
  • Richard Armstrong

Institutions

  • The American Alliance of Museums
  • The Metropolitan Museum of Art
  • The Cloisters
  • Met Breuer
  • Frick Collection
  • MoMA
  • MoMA PS1
  • Whitney Museum of American Art
  • New Museum
  • Solomon R. Guggenheim Museum
  • Brooklyn Museum
  • Artists for Workers
  • Artribune

Locations

  • New York
  • United States
  • Queens
  • Midtown
  • Meatpacking District
  • Brooklyn
  • East River
  • Madison Avenue

Sources