An email was sent out today by Nick Khan to let employees know that they should stay home and work remotely tomorrow. The reason for this is that they want to be able to allow human resources to handle layoffs privately.
The layoffs have been expected ever since it was announced that there would be a merger. Now that WWE is under the Endeavor/TKO umbrella, the feeling is that there are redundancies and they will be able to cut costs with layoffs. The full email that was sent by Khan is below (via PWInsider):
Hi All,
As part of WWE’s transition into the newly formed TKO Group Holdings, we are evaluating our existing operations and systems to identify potential synergies across the business. This effort includes workforce reductions, which will take place tomorrow.
Those whose roles have been impacted will be notified by our Human Resources Team, who will share the details of their severance package. We are asking that everyone work remotely, Friday September 15th, so we can insure all conversations are handled privately and respectfully. We’ll send out a company-wide email once all of tomorrow’s conversations have happened.
Our company is home to the most talented, creative, and hard-working employees in the world. WWE is a special place, which makes moments like this difficult. Just know that we have nothing but gratitude and admiration for everyone we have had the privilege to work alongside.
Thank you for all your contributions and dedication.
Nick Khan
