Colonial Williamsburg Cuts Jobs as Financial Struggles Mount
- Virginia nonprofit lost $54 million from operations in 2016
- Foundation CEO blames less history being taught in schools
Colonial Williamsburg, Virginia, on April, 18, 2013.
Photographer: Bill O'Leary/The Washington Post/Getty ImagesThis article is for subscribers only.
The Colonial Williamsburg Foundation, the nonprofit that manages a historic district where actors in 18th century garb depict life in that era, is dismissing 71 employees and uprooting hundreds more as it grapples with debt and overspending from its endowment.
The foundation will outsource management of its golf courses, retail stores, maintenance and facilities, and real estate, according to a statement Thursday. The restructuring affects 333 employees, as most of them are being moved to jobs with different employers.