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, talent releases and employee layoffs were feared.
This was expected shortly after the acquisition was announced, 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.
In September, it was believed that over 100 WWE employees were cut due to overlapping. WWE also made talent cuts, hitting the main roster and NXT hard.
In the latest edition of the Wrestling Observer Newsletter, Dave Meltzer recapped the TKO earnings call on Tuesday, pointing out that they noted there would be more cuts coming to the corporate side.
Meltzer wrote, “The company noted that there will be a great decrease in expenses in eliminating jobs in IT, marketing, finance, human resources and legal when it comes to overlapping personnel in UFC and WWE who can do those jobs for both companies. They expect to save $50 million to $100 million, and the figure was said to be expected to be the high end of this range, with 75 percent of the savings being on the books for 2024.”
