Financially strapped Cal Shakes says it will shut down for good

Struggling California Shakespeare Theater announced Thursday it had hit an “insurmountable financial impasse” and would close for good.

In a brief announcement attributed to executive director Clive Worsley, the 50-year-old Orinda-based company said it had “no alternative but to suspend operations, begin layoffs, and take steps towards what will be the ultimate closure of the company.”

The news — the latest jolt in a troubled performing arts landscape — comes not quite a month after...