“Faced with a 27 percent drop in the value of its endowment funds and expected cuts in state and local government grants, the Walters Art Museum announced yesterday a restructuring plan that includes laying off seven of its 150 employees, imposing a salary and limited hiring freeze and staff furloughs, and canceling an exhibition that was to have had the museum collaborating with the Musee d’Orsay in Paris and the Getty in Los Angeles.”