Another round of cuts is set to take place in WWE, starting tomorrow. Company employees were given a prior notice to anticipate these cuts in an email sent out by President Nick Khan on Thursday. WWE had openly communicated in recent months that these cuts were imminent, especially once the merger with UFC/Endeavor was finalized. The merger is expected to result in a redundancy of many positions within both companies. Below is the email that Khan sent out:
As part of WWE’s transition into the newly formed TKO Group Holdings, we are evaluating our existing operations and systems to identify potential synergies across the business. This effort includes work force reductions, which will take place tomorrow.
Those whose roles have been impacted will be notified by our Human Resources team, who will share the details of their severance package. We are asking that everyone work remotely, Friday September 15, so we can ensure all conversations are handled privately and respectfully. We’ll send out a companywide email once all of tomorrow’s conversations have happened.
Our company is home to the most talented, creative, and hard-working employees in the world. WWE is a special place, which makes moments like this difficult. Just know that we have nothing but gratitude and admiration for everyone we have had the privilege to work alongside.
Thank you for all your contributions and dedication.