Houston Symphony forced to make layoffs, other budget cuts to offset projected $11M deficit
Read full article: Houston Symphony forced to make layoffs, other budget cuts to offset projected $11M deficitThe Houston Symphony announced it is now forced to make layoffs and other budget cuts to offset its projected $11 million deficit in the 2020-2021 season as the organization prepares for a reduction of sales due to capacity limitations. With COVID-19-based limitations on earned and contributed income, there are no revenue-based paths toward reaching a balanced budget in 20202021, officials for the Houston Symphony said. The symphonys staff count will be reduced by 21 positions, from a full- and part-time staff total of 83 to 62. Despite taking immediate pay cuts in March, staff members will now take on additional cuts to salary and benefits. Symphony musicians are working with management to identify what their contribution will be to finish closing the deficit.