Bloomberg reports that the Solomon R. Guggenheim Museum has cut 25 positions in response to a loss of 18% on the endowment which now stands at $113 million. Fortunately, only 9 persons lost their jobs as the museum eliminated vacant positions and moved personnel around. (Though that’s hardly consolation to the unlucky nine.)

Guggenheim Museum Cuts 25 N.Y. Positions as Endowment Shrinks (Bloomberg)