After the news that WWE had agreed to be acquired by The Endeavor Group with the idea for WWE and UFC to merge to create a new publicly traded company, there has been concern regarding talent releases and employee layoffs.
As previously noted, Endeavor COO Mark Shapiro stated that employee layoffs would happen since Endeavor already has people in departments that can handle things at certain WWE departments. It doesn’t make financial sense to have two sets of people doing the same job.
The acquisition is expected to be completed later this year.
While speaking on Wrestling Observer Radio, Dave Meltzer was asked if WWE cuts talent, does he see WWE releasing Drew McIntyre before he quits. McIntyre and the company are at odds over his contract as they’re far apart on money. McIntyre’s WWE deal expires at the end of this year. He’s also unhappy with creative.
“I would doubt it, but it’s always a possibility. They haven’t talked about doing cuts with talent. They haven’t really said. They’ve said production, and they’ve said creative there’s gonna be no cuts. There’s gonna be lots of cuts in office people. I don’t anticipate cuts with talent. I don’t think with Drew. I’m going to say no,” Meltzer said.
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