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Despite Drastic Financial Steps, Met Opera Turns to Layoffs and Cuts

The largest performing arts organization in the country will lay off workers, cut salaries and reduce its offerings. It may also sell its Chagall murals that are valued at $55 million.

© Jeenah Moon/Reuters

The Metropolitan Opera announced a $200 million deal with Saudi Arabia last year after drawing $120 million from its endowment.
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