Thursday, January 15, 2009
from Art Fag City:
Bloomberg news reports Christie’s auction house will begin massive layoffs this week. [AFC] spoke to their PR staff this morning about the cutbacks:
Effective January 12, 2009, we have begun a company-wide reorganization review, which includes the possibility of significant staff reductions, not renewing many consultants’ contracts and the continuation of other cost reduction initiatives, that will ensure we remain competitive and profitable in 2009. Any staff reductions that might be necessary will be implemented globally in accordance with local regulations and in as considered and timely a manner as is possible.