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Art Movements: Dozens Laid Off at Artnet and Artsy

Digital art giants Artnet and Artsy have implemented significant layoffs following their recent merger under the investment firm Beowolff Capital. The cuts, which occurred on April 16, impacted dozens of employees across both organizations, including senior editorial staff such as Sarah Cascone and Eileen Kinsella. The restructuring follows a reported 12% revenue decline for Artnet in early 2025 and involves the shutdown of Artnet's German entity as the two companies consolidate into a single team led by CEO Jeffrey Yin.

Artnet Makes Significant Layoffs Following Consolidation with Artsy

Artnet has implemented sweeping layoffs following its consolidation with Artsy under a single leadership team led by CEO Jeffrey Yin. The cuts have severely impacted Artnet News, resulting in the departure of veteran senior reporters Sarah Cascone and Eileen Kinsella, while Andrew Russeth has been named interim editor. Additionally, Artnet’s German entity is being wound down, affecting the Berlin-based team responsible for the platform's online sales operations.

New School Faculty React to Plans to Lay Off 15% of Workforce

The New School announced plans to lay off 15% of its full-time faculty and staff by mid-June, a move driven by a projected $48 million deficit and a 20% enrollment decline since 2021. The cuts are part of a broader workforce reduction strategy that has already included voluntary buyouts. The restructuring will disproportionately affect the New School for Social Research and Eugene Lang College of Liberal Arts, which are undergoing major mergers and program discontinuations, while the Parsons School of Design faces fewer cuts.

Investor Says Artnet Layoffs Were Necessary for ‘Financial Strength’

Investor and owner Andrew E. Wolff has publicly explained the recent layoffs at Artnet and Artsy as a necessary step for the companies' financial restructuring and future growth. He framed the cuts as part of a broader consolidation strategy, merging the US businesses and organizational structures of the two digital art platforms while keeping their brands separate.

Museum of the year finalists revealed by Art Fund

Art Fund has announced the five finalists for the Museum of the Year 2026 award, the world’s largest museum prize. The shortlist includes Norwich Castle Museum and Art Gallery, the Fitzwilliam Museum in Cambridge, The Box in Plymouth, and London’s National Gallery and V&A East Storehouse. The winner, to be announced on June 25 at the Cutty Sark, will receive £120,000, while the remaining four finalists will each be awarded £20,000.

Nominees revealed for £120,000 Art Fund Museum Of The Year prize

Art Fund has announced the five finalists for the 2026 Museum of the Year prize, the world’s largest award of its kind. The shortlist includes Norwich Castle Museum and Art Gallery, the Fitzwilliam Museum in Cambridge, The Box in Plymouth, and London’s National Gallery and V&A East Storehouse. The winner, to be announced on June 25 at the Cutty Sark, will receive £120,000, while the four runners-up will each be awarded £20,000.