WWE made several cuts to its employees following the merger between WWE and the UFC after Endeavor’s acquisition of WWE last Friday, as the companies have since transitioned into one under TKO Holdings Group.
This was expected for months as people knew there would be departments that both companies already have in place, and it would be more cost-efficient to have those departments join into one.
WWE had everyone work remotely on Friday, and WWE President Nick Khan has called for a mandatory meeting on Tuesday.
Pwinsider reports, “To say that morale among WWE employees has been decimated would be an understatement.”
They were told that it has been a sad morning for some returning to the offices today, as they come across empty desks while knowing their co-workers wouldn’t be coming back.
WWE will need a lot of heavy lifting in the days ahead as divisions are smaller than they were a few days ago.
Khan noted in an email Friday that the layoffs were done. Some in WWE noted this “wouldn’t have happened” under Stephanie McMahon’s watch as the one in charge, but that’s hard to say. McMahon worked hard to build morale and instill pride among those working for the company last year as co-CEO with Khan.
https://www.youtube.com/watch?v=OCETfnTCAD8
