WWE and UFC’s merger was made official, and that week ended with the company laying off a lot of employees. It appears that there could be more to unpack in this story.
Click here for a comprehensive list of people WWE fired since the TKO deal was finalized.
CT Insider published an article this week discussing WWE’s decision to keep the total number of employees let go by the company a few weeks ago undisclosed. This is noteworthy given WWE’s status as a publicly traded company, and this data holds significance for stock investors.
The article noted that WWE’s recent releases have not been listed on the Department of Labor’s website yet. WWE and Stamford’s mayor, Caroline Simmons, were also contacted, but they hadn’t received a response as of Thursday.
“In many cases, layoffs are reported to the state Department of Labor, to comply with the federal Worker Adjustment and Retraining Notification Act. As of Thursday, the Department of Labor website’s list of WARN notices submitted this year did not include any sent by WWE. Messages to WWE and Stamford mayor Caroline Simmons regarding the layoffs were not returned.”
We will keep an eye on this story. WWE fired a lot of people, reportedly over 100, from their corporate headquarters. It appears that something might not have been reported.
It’s never good to see anyone lose their jobs, and WWE certainly saw a lot of cuts in recent memory. Those employee firings were followed by a reduction to their roster, as several Superstars lost their jobs as well.
What’s your take on WWE’s newest development? Do you think the company is getting better and stronger now? Sound off in the comments to let us know what you think!