Sesame Workshop Announces Layoffs Following Loss of Streaming Deal and Federal Funding
The nonprofit behind 'Sesame Street' faces financial challenges as it seeks a new distribution partner and adjusts to reduced government support.
- Sesame Workshop is significantly reducing staff and cutting benefits due to financial strains caused by the end of its distribution deal with Max and cuts to federal funding.
- The nonprofit has not yet secured a new streaming partner after Warner Bros. Discovery decided not to renew its agreement for 'Sesame Street.'
- President and CEO Sherrie Rollins Westin described the layoffs as a painful but necessary step to address a major budget gap and ensure the organization's long-term sustainability.
- More than 200 employees recently announced their intention to unionize, seeking greater involvement in decisions impacting job security and fair compensation.
- The 56th season of 'Sesame Street' will proceed with a new format, but the show's future distribution plans remain uncertain beyond 2025.