Kemo
09-15-2023, 07:00 PM
:wwe5:
Roster cuts to both WWE's main roster and to WWE NXT are expected following the launch of TKO Group Holdings.
The blockbuster merger of WWE & UFC was confirmed this week, with a ceremony at the New York Stock Exchange that included notable figures from WWE, UFC, and Endeavor.
"Major cuts" are expected to both WWE's main roster as well as the NXT brand. according to an exclusive report by Nick Hausman at Haus of Wrestling. There is no confirmation as to when these cuts will happen, but sources indicated that they have been planned for some time.
A source who spoke with Haus of Wrestling said that WWE could release WWE employees tomorrow, and wait until a later date before releasing talent. The reasoning is that releasing both employees and talent at once would be bad PR for the company.
It's not just the roster that will be on the receiving end of mass reductions. At some point today, WWE will commence laying off staff in its offices, in an effort to synchronize their business practices with UFC.
WWE President Nick Khan sent out a company-wide email on Thursday encouraging staff to work from home on Friday, Sep. 15 so that the matter can be handled discreetly and respectfully.
WWE's Chief Financial Officer Frank A. Riddick III is departing WWE later this month. Riddick has served on WWE's Board of Directors for over 13 years and currently serves as the company's President as well as the CFO.
Roster cuts to both WWE's main roster and to WWE NXT are expected following the launch of TKO Group Holdings.
The blockbuster merger of WWE & UFC was confirmed this week, with a ceremony at the New York Stock Exchange that included notable figures from WWE, UFC, and Endeavor.
"Major cuts" are expected to both WWE's main roster as well as the NXT brand. according to an exclusive report by Nick Hausman at Haus of Wrestling. There is no confirmation as to when these cuts will happen, but sources indicated that they have been planned for some time.
A source who spoke with Haus of Wrestling said that WWE could release WWE employees tomorrow, and wait until a later date before releasing talent. The reasoning is that releasing both employees and talent at once would be bad PR for the company.
It's not just the roster that will be on the receiving end of mass reductions. At some point today, WWE will commence laying off staff in its offices, in an effort to synchronize their business practices with UFC.
WWE President Nick Khan sent out a company-wide email on Thursday encouraging staff to work from home on Friday, Sep. 15 so that the matter can be handled discreetly and respectfully.
WWE's Chief Financial Officer Frank A. Riddick III is departing WWE later this month. Riddick has served on WWE's Board of Directors for over 13 years and currently serves as the company's President as well as the CFO.