24 Jun, 2020 | Wed | 23:50
Christiesis downsizing itsoperations as part of amajor corporaterestructuring plan, sources have toldThe Value.
Christies CEO Guillaume Ceruttimadethe announcement internally today(24 June) over a video call, which can be boiled down to three majorpoints:
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Pay cuts will remainin place;
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The company will undergo a restructuring;
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The Impressionist andModern Artdepartment will merge with thePost-War andContemporary Art department. Check back for updates as we learn more.
However, it is not yet known how many jobs will be cut.
In response to our inquiry, Christies said: Our goal is to continually ensure the company is best positioned to lead the global art market: serving collectors, offering a truly br…
Read the full article at: https://en.thevalue.com/articles/christies-auction-house-restructure-layoff