In the midst of negotiations surrounding a potential massive TV deal, WWE has once again made headlines by implementing a round of layoffs, impacting corporate offices. The strategic move raises questions about the company’s evolving structure and financial considerations.
TKO Holdings, WWE’s parent company appear to strategically position themselves for potential future developments. Stay tuned for the latest updates on these layoffs.
WWE goes through another round of releases
Amid ongoing speculation about potential cuts within WWE, the company has indeed initiated a round of layoffs, particularly targeting corporate offices despite their recent move to a state-of-the-art headquarters. Notably, over 100 employees, including executives and former World Champion Dolph Ziggler, were let go in a previous round of cuts in September.
Recent reports from Brandon Thurston indicate that WWE has now released additional corporate office staff, although the exact number remains unspecified. This adds to the significant workforce reduction witnessed over the past few months, confirming the unfortunate trend.
WWE has laid off more corporate employees today, according to multiple people at the company.
This follows layoffs of more than 100 employees in September following the closing of the TKO merger.
— Brandon Thurston (@BrandonThurston) December 1, 2023
The post stated, “WWE has laid off more corporate employees today, according to multiple people at the company. This follows layoffs of more than 100 employees in September following the closing of the TKO merger.” Unfortunately, the wrestling entertainment company has terminated the employment of additional corporate staff members on the current day.
Sean Sapp corroborated the news on X, underscoring its regrettable nature. As per some sources, the layoffs are a component of an initiative. It’s aimed at achieving savings ranging from $50 million to $100 million resulting from the merger.
While further names have yet to be disclosed, it’s essential to note that this report did not touch upon any roster cuts. However, one of the names revealed is of the 29-year-old star of NXT.
McKenzie Mitchell bids farewell to WWE Universe
McKenzie Mitchell announced her WWE release on X today. The former NXT backstage interviewer, known for her positive attitude, recently married fellow WWE star Vic Joseph. Despite the departure, Mitchell expresses gratitude for living her dream, and meeting her husband, and looks forward to the future.
Today I was released by WWE. I met my husband, moved cross country from CT to FL for @wwenxt (a place I’ve always considered home), and met friends that became like family. I’ve always said and firmly believe in “when door closes, another opens.”https://t.co/scUFllumrY pic.twitter.com/s1YCmmTz4Z
— McKenzie Mitchell (@mckenzienmitch) December 1, 2023
Stay tuned for ongoing updates on this developing story and all other occurrences in the world of professional wrestling. The landscape remains unpredictable, especially as TKO explores further measures to streamline its operations.
What is your take on this mass firing? Let us know in the comments section below.
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