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It became public that Sesame Workshop is laying off about 10% of their staff today. It's a sad time for Sesame Street as many wonderful people are now out of work. Our thoughts are with each of them and their families. We hope that everyone finds employment soon.
'C' is for cutbacks: 'Sesame' lays off workers
It's a sad day on the "Street." Sesame Workshop, makers of the classic children's program "Sesame Street," laid off approximately 10 percent of its employees Tuesday.
"Sesame Workshop, the non-profit organization behind Sesame Street, is constantly assessing where we must invest for the future in response to today's rapidly changing digital environment," the company said in a statement obtained by Reuters. "After careful review, we have concluded that we must reduce our workforce by approximately 10% to strategically focus our resources."
According to Deadline.com, 30 employees lost their jobs, and the company's Sesame Learning program and Global Education departments will be absorbed into other parts of the company. Former Newsweek, Inc. CEO Tom Ascheim, who was an executive vice-president with Sesame Leaning, was one of those laid off, Deadline reports.
Sesame Learning was described by the company as "a vital Workshop initiative aimed (at bringing) the 'Sesame Street' advantage to classrooms and child-care settings."
There was no word on whether "Sesame Street," the workshop's Emmy- and Peabody Award-winning program, would be directly affected.
http://www.today.com/entertainment/c-cutbacks-sesame-lays-workers-6C10450530
And here's the full Deadline.com story...
Once again Sesame Workshop is handing out pink slips. Around 30 employees at the producers of Sesame Street were let go today. This comes just more than a year after a dozen employees were shown the door at the non-profit last May. “We at Sesame Workshop are not immune to the challenges of today’s economic environment. After careful review, we have concluded that we must operate, and achieve our strategic priorities with fewer resources. Therefore, we have reluctantly determined that we must reduce our workforce by approximately 10%,” said CEO H. Melvin Ming in a note sent to staff this afternoon. Among those who have been let go are former Newsweek Inc CEO and Nickelodeon executive Tom Ascheim, who joined the company in March 2012 as EVP of the Sesame Learning program. Sesame Learning will be absorbed into other divisions of the company, Ming said today. The CEO also announced that the Corporate Strategy and the Business Systems Programming groups will be dissolved as of July 1st. Sesame Workshop’s Global Education department will also be melded into other units.“We remain optimistic about our future and remain committed to our mission of helping children reach their highest potential here and around the globe,” a spokesperson for Sesame Workshop told me today while admitting to the layoffs. In 2009, Sesame Workshop, which produces programming for more than 150 countries worldwide, laid off more than 60 of its then 355 employees as the company was hit with declining donations and licensing revenue from the bad economy.
http://www.deadline.com/2013/06/sesame-workshop-layoffs-sesame-street-producer/#more-529390
'C' is for cutbacks: 'Sesame' lays off workers
It's a sad day on the "Street." Sesame Workshop, makers of the classic children's program "Sesame Street," laid off approximately 10 percent of its employees Tuesday.
"Sesame Workshop, the non-profit organization behind Sesame Street, is constantly assessing where we must invest for the future in response to today's rapidly changing digital environment," the company said in a statement obtained by Reuters. "After careful review, we have concluded that we must reduce our workforce by approximately 10% to strategically focus our resources."
According to Deadline.com, 30 employees lost their jobs, and the company's Sesame Learning program and Global Education departments will be absorbed into other parts of the company. Former Newsweek, Inc. CEO Tom Ascheim, who was an executive vice-president with Sesame Leaning, was one of those laid off, Deadline reports.
Sesame Learning was described by the company as "a vital Workshop initiative aimed (at bringing) the 'Sesame Street' advantage to classrooms and child-care settings."
There was no word on whether "Sesame Street," the workshop's Emmy- and Peabody Award-winning program, would be directly affected.
http://www.today.com/entertainment/c-cutbacks-sesame-lays-workers-6C10450530
And here's the full Deadline.com story...
Once again Sesame Workshop is handing out pink slips. Around 30 employees at the producers of Sesame Street were let go today. This comes just more than a year after a dozen employees were shown the door at the non-profit last May. “We at Sesame Workshop are not immune to the challenges of today’s economic environment. After careful review, we have concluded that we must operate, and achieve our strategic priorities with fewer resources. Therefore, we have reluctantly determined that we must reduce our workforce by approximately 10%,” said CEO H. Melvin Ming in a note sent to staff this afternoon. Among those who have been let go are former Newsweek Inc CEO and Nickelodeon executive Tom Ascheim, who joined the company in March 2012 as EVP of the Sesame Learning program. Sesame Learning will be absorbed into other divisions of the company, Ming said today. The CEO also announced that the Corporate Strategy and the Business Systems Programming groups will be dissolved as of July 1st. Sesame Workshop’s Global Education department will also be melded into other units.“We remain optimistic about our future and remain committed to our mission of helping children reach their highest potential here and around the globe,” a spokesperson for Sesame Workshop told me today while admitting to the layoffs. In 2009, Sesame Workshop, which produces programming for more than 150 countries worldwide, laid off more than 60 of its then 355 employees as the company was hit with declining donations and licensing revenue from the bad economy.
http://www.deadline.com/2013/06/sesame-workshop-layoffs-sesame-street-producer/#more-529390