Museums nationwide have faced challenges in recent years, and the Center of Science and Industry (COSI) in Columbus is now experiencing financial strain.
COSI Announces Staff Reductions
Despite a return to pre-pandemic attendance levels, COSI experienced a net income loss of approximately $1.3 million in 2024, according to tax records. This loss occurred alongside a reduction in grant funding.
In response to these financial pressures, COSI has announced a workforce reduction impacting 15% of its part-time and full-time employees.
“After careful review, we made the difficult decision to reduce staffing to align resources with current needs and the projected environment,” COSI stated.
The staff reductions could lead to adjustments in museum hours, exhibit availability, or educational programming. It is also possible that COSI will seek to increase fundraising efforts or explore new revenue-generating opportunities. Further changes may depend on future attendance figures and the success of any new financial strategies.
Frequently Asked Questions
What is COSI?
COSI is the Center of Science and Industry, a science museum located in Columbus that has been operating since 1964.
What financial challenges is COSI facing?
COSI lost about $1.3 million in net income in 2024 and experienced a reduction in grant funding.
What is COSI doing in response to these challenges?
COSI is reducing its workforce by 15% of its part-time and full-time staff members.
How might these changes affect the Columbus community?
