A number of layoffs of WWE office staff took place Friday, TheWrap has learned.
There were more than 100 WWE employees reportedly let go Friday, industry news outlet PWInsider reports, out of approximately 800 overall. The news comes following WWE and UFC merging to become Tko Group Holdings, under new parent company Endeavor. That deal closed earlier this week.
The layoffs did not include any of the wrestlers themselves, who are also generally classified as independent contractors. Layoffs were expected, as with most mergers. That’s due to both cost-cutting and to people at both companies in similar roles no longer having a place in the new corporate structure.
WWE declined TheWrap’s request for comment. We have reached out to Tko for comment.
Those laid off include Dana Warrior, wife of the late wrestler Ultimate Warrior, according to PWInsider. She served as a WWE public ambassador and previously worked on the company’s creative team.
There were more than 100 WWE employees reportedly let go Friday, industry news outlet PWInsider reports, out of approximately 800 overall. The news comes following WWE and UFC merging to become Tko Group Holdings, under new parent company Endeavor. That deal closed earlier this week.
The layoffs did not include any of the wrestlers themselves, who are also generally classified as independent contractors. Layoffs were expected, as with most mergers. That’s due to both cost-cutting and to people at both companies in similar roles no longer having a place in the new corporate structure.
WWE declined TheWrap’s request for comment. We have reached out to Tko for comment.
Those laid off include Dana Warrior, wife of the late wrestler Ultimate Warrior, according to PWInsider. She served as a WWE public ambassador and previously worked on the company’s creative team.
- 9/15/2023
- by Mike Roe
- The Wrap
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