Pace Gallery Lays Off Employees Amid Financial Slump

Acknowledging the art market’s dim forecast, Pace Gallery informed nearly two dozen of its furloughed employees on Thursday that they would not be returning to work. The layoffs come after a quarter of the gallery’s New York workforce was furloughed in early April.
“The economic situation caused by the global pandemic means we cannot sustain our previous level of staffing,” said Pace spokeswoman Amelia Redgrift. “This decision was taken after every other measure to