Subhojeet Mukherjee on September 17, 2022
Triple H took over as the head of Creative of WWE after Vince McMahon retired. Afterwards, Stephanie McMahon and Nick Khan were made the co-CEOs of the company. The company also laid off several employees recently.
For the past couple of years, WWE has been letting go of numerous employees, both wrestlers as well as backstage. This has led to a lot of backlash from fans, who still can’t believe WWE could release people during the pandemic.
Brandon Thurston of Wrestlenomics reports that WWE made layoffs to the marketing department on September 16. Thurston added that “multiple people at the Vice President level were let go.”
“I’m told there were layoffs today to WWE’s marketing department. Multiple people at the VP level were let go. Possibly a part of a restructuring to that department. EVP Catherine Newman was hired this summer as the new head of marketing.”
There were other company changes in addition to that. In their latest SEC filing, it was announced that Barstool Sports CEO Erika Nardini resigned from her position on the Board of Directors. The filing also officially announced that Michelle McKenna and JoEllen Lyons Dillon were elected to be on the Board.
“Concurrent with the election of Mses. Dillion and McKenna, Erika Ayers Nardini has resigned from the Board,” WWE’s filing said. “With the recent acquisition of Barstool Sports by Penn Entertainment, Ms. Ayers Nardini’s time will be focused on the next chapter of this business and partnership. Ms. Ayers Nardini’s decision to resign from the Board was not due to any dispute or disagreement with [WWE], its management or any matter relating to [WWE’s] operations, policies or practices.”
We will have to wait and see whether the company will end up firing more employees or not. For the time being, the current layoffs might be enough right now.
What’s your take on WWE downsizing? Sound off in the comments!
September 17, 2022 10:55 am
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