March 14, 2009

First Wall Street...Now Sesame Street

It appears no one is immune from the current recession. According to the San Fransisco Chronicle...

"The crisis on Wall Street is plaguing Sesame Street.

Sesame Workshop, the nonprofit producer of "Sesame Street" and other kids' programs, is cutting about one-fifth of its work force because of the economic downturn.

The New York-based company said Wednesday that it's eliminating 67 of 355 staff positions.

Declaring it is "not immune to the unprecedented challenges of today's economic environment," the company pronounced a need "to operate with fewer resources in order to achieve our strategic priorities."

JR: It looks like a possibility to introduce economics to my 3 little kids at home.

No comments: