Steppenwolf Theatre announces staff cuts in the wake of falling revenue, drop in attendance
Chicago's Steppenwolf Theatre is laying off 12% of its staff, effective immediately, in the wake of falling revenue streams, the end of federal COVID relief funding and diminishing subscribers.
The announcement was made Thursday morning.
The cutbacks include 13 full-time employees as well as the elimination of seven open positions.
"Unfortunately, like many nonprofit theaters across the country, Steppenwolf Theatre Company has been negatively impacted by a protracted post-pandemic economic recovery for our sector and the rising cost of inflation. To be sustainable well into the future has required some very difficult decisions," the company's executive director, Brooke Flanagan, said in the official announcement.
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