Phoenix Symphony to stop performing after Nov. 1 concert as money runs out

The Phoenix Symphony will stop performing after its Nov. 1 concert and lay off its musicians because it can no longer afford to stay open, the orchestra announced Tuesday.

Musicians will be laid off starting Nov. 2.

The remaining performances and programs are suspended until further notice.

Rising ticket sales did not outpace growing symphony costs

The symphony said ongoing operating deficits and existing financial obligations made continuing the season untenable, despite a more than 50% increase in revenue since 2024.

Donations for the current fiscal year have fallen short of what is needed to keep operating, and most gifts to the orchestra’s $60 million endowment campaign cannot be used for day-to-day costs.

“This is the most difficult decision this Board has faced, and we did not make it lightly,” board Chairman Mo Stein said in a statement.

Leaders stressed the season is suspended, not canceled, but said it’s unknown when, or whether, performances will resume.

The board plans to review the orchestra’s finances and release a recovery plan.

“We know the consequences of this decision on musicians and staff will be profound,” said President and CEO Peter Kjome, noting the symphony has performed in Phoenix for nearly 80 years.

The symphony said it will contact subscribers and ticket holders about their options.

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