Tate to cut over 300 jobs at commercial arm

From The Bookseller:

Tate has announced it is making 313 redundancies in its commercial operations, Tate Enterprises, including at its bookshops and publishing branch.

An email to staff, leaked online, from director Maria Balshaw and c.o.o. Vicky Cheetham, was sent on Tuesday announcing the job cuts at Tate Enterprises, due to be finalised by mid-September. The figure represents more than half of the commercial branch’s employees.

Referring to “painful and difficult decisions”, the email said: “While we have done everything we could to save as many jobs as possible, we simply cannot afford to keep employing as many colleagues as previously. The long-term drop in visitor numbers we are expecting for the foreseeable future, and the consequent loss of revenue, have left us no option but to resize our businesses in line with future demand.”

Link to the rest at The Bookseller