Despite cutbacks, nonprofit says it's “optimistic” about future, “committed to ... helping children reach their highest potential”
Sesame Workshop, the nonprofit company behind Sesame Street and other educational programming, has laid off some 30 employees, or about 10% of its workforce.
The Hollywood Reporter reports that the cutbacks are the second in as many years, following a similar layoff in 2012.
Sesame says the cutbacks are the result of continual assessment of its resources and how they can best fulfill their mission of educating children.
“[We are] constantly assessing where we must invest for the future in response to today’s rapidly changing digital environment,” the organization said in a statement. “After careful review, we have concluded that we must reduce our workforce by approximately 10% to strategically focus our resources. We remain optimistic about our future and remain committed to our mission of helping children reach their highest potential here and around the globe.”