NEW YORK (AP) -- 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."
The statement reiterated the organization's mission "of helping children reach their highest potential here and around the globe."
Hi! I'm Elmo! Can you spell "recession"? I can! O-B-A-M-A! Wow! We are so smart! Way to go! Gimme four!
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