"Sesame Street" Gives an Unemployment Lesson

"Sesame Street" to lay off 20 percent of staff

By Hasani Gittens and Sajid Farooq
|  Friday, Jun 3, 2011  |  Updated 7:21 PM EDT
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Sesame Workshop Making Cuts (RAW)

Elmo may not want to get too close to those lovely ladies. Layoffs are coming to Sesame Street.

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Sesame Workshop Making Cuts (RAW)

The poor economy has finally reached "Sesame Street."
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"C" is for Cost Cutting.

Big Bird may need you to tell him how to get to the unemployment line. And the Count's Number of the Day is 20, as in 20 percent of the staff at "Sesame Street" is being laid off.

Sesame Workshop, the nonprofit producer of "Sesame Street" and other kids' programs, is cutting 20 percent of its work force because of the recession.
 
The company said it's eliminating 67 of 355 staff positions.

Best known as the home of such characters as Big Bird and Elmo, Sesame Workshop was founded in 1968 and debuted "Sesame Street" a year later. That series, which remains on the air, grew into a production empire including TV, books and online programing.

Stating that it was "not immune to the unprecedented challenges of today's economic environment," the company announced the need "to operate with fewer resources in order to achieve our strategic priorities."

That's some of the saddest news since Mr. Hooper died.

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