Melbourne’s arts centre, which reopened in July 2012 after a two-year refit, is reported to be A$8 million in the red, and bleeding heavily. Chief exec Judith Isherwood says she’ll slash staff in order to ‘achieve ongoing financial sustainability in an increasingly difficult economic environment’. (Where did she learn to speak like that? Not in her last job at the Wales Millennium Centre, that’s for sure.) Read more woes here.