Kemo
06-02-2021, 03:02 PM
:wwe5:
WWE has been making some major changes over the past few weeks. With speculation that the company is looking for a sale, it comes as no surprise that even more cuts are expected to be announced any day now.
According to Fightful Select, multiple sources in WWE have confirmed that another round of releases is set to take place as soon as this week. Surprisingly, there are some “major names” on the chopping block this round.
“There is an ongoing list, though in the recent past, WWE has changed their mind on cutting certain people at the last minute,” the report states.
Out of respect to the talent involved, no names will be made public until the talent is informed.
Over the past few months, we’ve already seen big names depart including The IIconics, Andrade, Velveteen Dream, Samoa Joe, Chelsea Green and Mickie James, as well as broadcasters Tom Phillips and Adnan Virk.
For what it’s worth, Andrew Zarian of the Mat Men Podcast says he’s heard NXT UK will be letting talent go.
All of these moves could be considered as an early indicator that the they are looking to sell. It’s always been on the cards, but with the company having made record profits in 2020, now would be a great time to consider takeover discussions
WWE recently did a significant house cleaning, with dozens of employees fired and several divisions consolidated. It’s worth noting the recent ‘cost cutting’ measures did not yield positive results on Wall Street. The stock has dropped a few percentage points since news of the latest releases went public.
Earlier this week, WWE announced three new key hires to the executive leadership team. This has fueled chatter that WWE President Nick Khan is getting the pieces in place for an eventual ownership transition.
WWE has been making some major changes over the past few weeks. With speculation that the company is looking for a sale, it comes as no surprise that even more cuts are expected to be announced any day now.
According to Fightful Select, multiple sources in WWE have confirmed that another round of releases is set to take place as soon as this week. Surprisingly, there are some “major names” on the chopping block this round.
“There is an ongoing list, though in the recent past, WWE has changed their mind on cutting certain people at the last minute,” the report states.
Out of respect to the talent involved, no names will be made public until the talent is informed.
Over the past few months, we’ve already seen big names depart including The IIconics, Andrade, Velveteen Dream, Samoa Joe, Chelsea Green and Mickie James, as well as broadcasters Tom Phillips and Adnan Virk.
For what it’s worth, Andrew Zarian of the Mat Men Podcast says he’s heard NXT UK will be letting talent go.
All of these moves could be considered as an early indicator that the they are looking to sell. It’s always been on the cards, but with the company having made record profits in 2020, now would be a great time to consider takeover discussions
WWE recently did a significant house cleaning, with dozens of employees fired and several divisions consolidated. It’s worth noting the recent ‘cost cutting’ measures did not yield positive results on Wall Street. The stock has dropped a few percentage points since news of the latest releases went public.
Earlier this week, WWE announced three new key hires to the executive leadership team. This has fueled chatter that WWE President Nick Khan is getting the pieces in place for an eventual ownership transition.