Officials will submit a recovery plan to the company's board and Finland's ministry of education, which provides funds for the company, next month.
According to Helsingin Sanomat, the layoffs may be temporary cuts coinciding with the closing of the company's opera house for renovations next year.
Lileana Blain-Cruz directs the new production, opening April 23.
The Cuban-born composer is this season's Debs Composer's Chair.
The cast is led by Bryonha Marie and Nathan Gunn, with Tony winner Ted Sperling at the baton.
The season, opening September 21, will include 58 ballets across 21 weeks of performances.
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