this post was submitted on 06 Mar 2025
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[Dormant, move to !television@lemm.ee] Shows and TV

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Sesame Workshop will 'downsize significantly' with layoffs, CEO says (www.npr.org)
submitted 5 months ago by Blaze@feddit.org to c/showsandmovies@lemm.ee
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[–] MimicJar@lemmy.world 5 points 5 months 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.