Downturn hits Sesame Street

| 12/03/2009

(Financial Times): The recession has spread from Wall Street to Sesame Street. The home of Elmo and Oscar the Grouch announced on Wednesday that it would eliminate a fifth of its 355-strong workforce as market turmoil ate into its income and assets. Sesame Workshop, the 41-year-old non-profit educational organisation behind the Sesame Street television programmes, toys and community projects, said on Wednesday it was “not immune to the unprecedented challenges of today’s economic environment”.

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