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Sesame Workshop will 'downsize significantly' with layoffs, CEO says (www.npr.org)

submitted 2 days ago by [email protected] to c/[email protected]

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[–] [email protected] 5 points 2 days ago

So at face value this seems unfortunate but reasonable.

HBO likely overpaid for Sesame Street, possibly as a result of a private bidding war or just to ensure an even bigger bidding war didn't happen. A new CEO came in a few years ago, likely noticed some extra spending, but with HBO money it was easy to grow. With HBO gone and no one jumping to pick up the tab, a lot downsizing is reasonable.

Unfortunately... the timing also aligns with plans to unionize.

I expect more to this story in the coming months.