Sesame Workshop, which produces the popular children's series Sesame Street and other programs, is shedding 20 per cent of its workforce.
The company, home to characters such as Elmo and Big Bird, is cutting 67 of its 355 staff positions.
"After careful review, we have concluded that we will have to operate with fewer resources in order to achieve our strategic priorities," the New York-based Sesame Workshop said in a release on Wednesday.
"[We are] not immune to the unprecedented challenges of today's economic environment."
The statement didn't specify which jobs and departments would be affected.
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