StoryCorps laid off nine employees Tuesday, CEO Sandra Clark told Current in an email.
The layoffs were part of a “larger cost-saving plan to balance revenue with expenses and enter 2025 and beyond on stronger financial footing,” she said. Employees affected at the Brooklyn, N.Y.–based organization were “across departments, levels, and classifications,” Clark said.
Clark said that the organization had made cuts in an attempt to avoid layoffs, including a 10% salary reduction for executives beginning in the third quarter of the year, a hiring freeze with the exception of “essential” roles, reducing staff travel expenses, dropping “nonessential contractors” and pausing its internship program.
The organization employed 140 people in 2022, according to its most recent IRS 990 filing. The filing showed expenses of more than $250,000 above $14 million in revenue.
https://current.org/2024/10/storycorps-lays-off-nine-employees/