Following the Met's announcement recently of possible layoffs to balance a $10 million deficit, the Museum of Modern Art says it will offer buyout packages to senior staff. Those with over nine years at the museum, age 55 and over, will be eligible.

“The museum is in a transitional stage in terms of the scope of its operations, which are at a reduced level during the renovation period. The program is entirely voluntary and is intended to benefit staff who are considering retirement this year,” said the museum in a statement.