Sesame Street

Layoffs at Sesame Street

The company that has educated millions of minds over the years is experiencing some financial hardships and will have to make cuts

by #teamEBONY, May 30, 2012

Sesame Street

The Sesame Workshop, which produces "Sesame Street," has laid off 12 people in the digital media department, a move a spokesperson called a "shift" in resources "to better align with our strategic priorities and new opportunities." In 2009, Sesame Workshop laid off 60 people as donations fell off and licensing revenue dropped thanks to the economy.

The company reported a $9 million drop in revenue to $130 million in 2011, but ended the year in the black as opposed to the $10 million deficit in 2010 through a decrease in salaries and other expenditures.

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