Mass Cuts at Pace Gallery

Pace Gallery has laid off 50 workers and cut 50 artists from its roster, according to Hyperallergic, amounting to about one-fifth of its staff and roughly one-third of its artists. CEO Marc Glimcher described the move as a “model correction” and said in a statement that “the current gallery model isn’t only broken, it’s unfixable.” The cuts come after Pace opened a $100 million flagship building in Manhattan’s Chelsea neighborhood and pursued initiatives including crypto art. The same Hyperallergic dispatch also notes coverage of a film titled Moss & Freud and an obituary item stating that Persepolis author Marjane Satrapi died at age 56.

Read the full article at Hyperallergic