Faced with a sharp drop in its endowment and a $15 million deficit, the Wildlife Conservation Society announced on Monday that more than 100 of its 1,200 employees had accepted buyouts and that dozens more would be laid off.
The society, which operates the Bronx, Central Park, Prospect Park and Queens Zoos and the New York Aquarium, also announced what it called a vast overhaul intended to make it “meaner, leaner and greener.”
The society, with an annual budget of around $200 million, has faced increasing pressure because it relies heavily on grants and gifts. John F. Calvelli, executive vice president for public affairs at the society, said the organization’s endowment had fallen about 30 percent from its peak of around $480 million. Read more..
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