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Economy Rocks Sesame Street,

Layoffs Ensue

3/11/2009 5:26 PM PDT BY TMZ STAFF

0311_oscar_bn2-1First Wall St ... then Main St ... now the economy is taking its toll on Sesame St.

Sunny days could not sweep the clouds away ... and now the good people behind the world's greatest children's show have announced they must regretfully cut their workforce by 20% -- 67 positions in total.

The letters of the day are B and S.

When not asked to weigh in on the situation, Kermit the Frog responded by throwing up his hands, and screaming the following statement:

"Ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh"

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