In Wednesday’s (7/11) Indianapolis Business Journal, Dan Human writes, “The Indianapolis Symphony Orchestra has laid off six employees as part of ongoing restructuring at an organization that has been dealing with seven-figure budget deficits in recent years. Jackie Groth, the ISO’s interim president and CEO, said the positions were in information technology, patron services, development and communications, and marketing. ‘Really, it’s just part of our initiative here to balance our budget,’ Groth said Wednesday morning. The layoffs were an ‘unfortunate’ but necessary part of that effort, she said. Forty-six full-time employees remain at the ISO, not including about 90 union musicians. The orchestra had as many as 80 administrative employees in early 2009. The staff cuts come as the ISO’s leaders try to turn around years of financial losses. The ISO’s expenses of $25.6 million exceeded revenue by $1.7 million for the 2011 fiscal year. … With the end of the ISO’s current fiscal year seven weeks away, Groth declined to comment on her specific expectations for 2012’s financial performance. She said it’s too early to know because the summer season is still in progress. But she did say the ISO would finish the year with a deficit.”
Posted July 12, 2012
