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Investor Says Artnet Layoffs Were Necessary for ‘Financial Strength’
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Investor Says Artnet Layoffs Were Necessary for ‘Financial Strength’
Days after layoffs at Artnet and Artsy shook the art world, investor and owner Andrew E. Wolff has offered his clearest explanation yet for the cuts, framing them as part of a broader consolidation strategy already underway at the two companies. That strategy was laid out publicly on April 15, when ARTnews reported that Artsy CEO Jeffrey Yin would lead the combined company, with Wolff as chairman, as Artnet and Artsy were brought under the sam…
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