"Sesame Street" is finding a new home, as it changes hands from HBO to Netflix. And of course PBS is getting a cut.

The meme started with X user Amanda Litman posted a supposed LinkedIn update from our favorite 3 and a half year old on Sesame Street. It reads “Unfortunately Elmo was recently laid off because ...

Netflix, PBS stations and PBS KIDS will air new episodes on the same day. And Netflix will also run 90 hours from the Sesame Street library.