After nearly two years of recession, the Washington, D.C.-based American Institute of Architects (AIA) this week joined the ranks of many of its member firms when it announced it will eliminate 33 staff positions, or 15% of its 203 employees, in its national headquarters. The decision came after the AIA’s board of directors began planning its 2010 budget. The institute’s revenue has dropped by 20% since 2008 and the AIA had two weeklong furloughs for its national office staff in June and August. Plans call for the AIA to create a number of new positions as well that will better reflect what its members need and want today.
So, what do you think about this news? Does it make you worried about how long it will be before the industry recovers from its economic slump?