Pace Gallery recently cut 50 artists and laid off 50 staff members. This represents a 30% reduction in artists and 20% in employees. CEO Marc Glimcher described the move as a "model correction." He stated the current gallery model is "unfixable" and needs change. The gallery will now focus on representing approximately 80 artists.
New York, New York
https://hyperallergic.com/pace-cuts-50-workers-and-50-artists-citing-a-broken-gallery-model/