Kemo
09-15-2023, 06:59 PM
:wwe5:
WWE staff will be working from home today in what will likely be one of the most stressful days of their respective careers.
This week, WWE concluded its merger with UFC and the two companies will work as part of TKO Group Holdings from here on. A ceremony at the New York Stock Exchange marked the conclusion of Endeavor's acquisition of WWE and featured notable names from Endeavor, WWE, and UFC.
After the announcement of Endeavor's acquisition of WWE in April, Nick Khan said that "aggressive cuts" should be expected in order to streamline WWE's business practices with WWE. In an e-mail obtained by PW Insider, Khan confirms that cuts to the staff are coming today and has encouraged everyone to work from home to make this difficult process easier.
Khan's e-mail to staff reads as follows:
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
WWE staff will be working from home today in what will likely be one of the most stressful days of their respective careers.
This week, WWE concluded its merger with UFC and the two companies will work as part of TKO Group Holdings from here on. A ceremony at the New York Stock Exchange marked the conclusion of Endeavor's acquisition of WWE and featured notable names from Endeavor, WWE, and UFC.
After the announcement of Endeavor's acquisition of WWE in April, Nick Khan said that "aggressive cuts" should be expected in order to streamline WWE's business practices with WWE. In an e-mail obtained by PW Insider, Khan confirms that cuts to the staff are coming today and has encouraged everyone to work from home to make this difficult process easier.
Khan's e-mail to staff reads as follows:
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