Sotheby’s Offering Staff Buy-Outs After Decline in Stock Price

November 17th, 2015

In an effort to cut costs, Artforum is reporting that Sotheby’s has offered a series of buy-outs for employees, offering what CEO Tad Smith calls “an attractive economic opportunity to volunteer to resign, should they wish to do so,” while acknowledging that he “certainly understands that announcing a cost reduction program right after two weeks of dazzling sales may be unexpected.”

Read more at Artforum