Sotheby’s Plans Layoffs Amid Restructuring

July 21st, 2014

Sotheby’s is laying off staff as a result of its current operational overhaul, following the conclusion of its fierce battle with investor Daniel Loeb.  “As part of a long-range planning process begun earlier this year, Sotheby’s has identified areas for growth and additional investment,” the company said in a statement last week.  “To capture these opportunities in an ever-evolving business, the company has decided to reallocate staff and resources.”Read more at CNBC