Royal Academy plans to cut 40% of staff owing to coronavirus downturn

Exclusive: 150 jobs at risk as RA consults employees about need to reduce annual costs by £8m

The Royal Academy of Arts is to consult staff on making 150 people redundant, a figure that equates to 40% of its workforce.

The RA on Thursday held a meeting for all staff members at which they were told of a need to reduce annual costs by £8m.

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