WWE Executives & Officials Getting Pay Cuts As COVID-19 Cost-Cutting Measures Continue

WWE |By Matt Boone |Sun, May 31, 2020 - 10:08AM EDT
Coronavirus

WWE continues to enact cost-cutting measures amid the COVID-19 pandemic, and it looks like it's going to start hitting some top employees financially as a result.

A “number of executives and officials” were informed within the last 48 hours that their pay would be “reduced” moving forward as the company attempts to slash costs in response to the pandemic.

The company outlined to investors last month that they would be reducing compensation, decreasing operating expenses, cutting talent and staffing and deferring expenses related to the new WWE headquarters for at least six months.

Many of these moves have already happened and with respect to letting people go, the reductions have impacted almost every department along with the wrestlers.

Many producers, agents and employees were actually furloughed, leaving the possibility open that they would be brought back when business goes back to normal, with some individuals being told July.

UNDERTAKER: THE LAST RIDE WWE NETWORK DOCUMENTARY VIDEOS

* WATCH: Undertaker: The Last Dance (Chapter 3) - "End Of An Era" (VIDEO)
* VIDEO: What You DIDN'T See On Undertaker: The Last Ride Episode 2 (Part One)
* VIDEO: What You DIDN'T See On Undertaker: The Last Ride Episode 2 (Part Two)
* WATCH: Undertaker: The Last Ride (Chapter 2) - "The Redemption" (VIDEO)
* WATCH: Undertaker: The Last Ride (Chapter 1) - "The Greatest Fear" (VIDEO)
* Undertaker's Son Gunner Calaway Ahead Of Wrestling Debut (PHOTOS)

WWE SMACKDOWN HACKER "THE MESSAGE" DECODED (SPOILERS)

* WWE Hacker Spoiler (Update 1 Of 5)
* WWE Hacker Spoiler (Update 2 Of 5)
* WWE Hacker Spoiler (Update 3 Of 5)
* WWE Hacker Spoiler (Update 4 Of 5)
* WWE Hacker Spoiler (Update 5 Of 5)

WWE & Chat / Discussion At eWrestling

* For late-breaking WWE & AEW news & rumors, follow our social media reporter on Twitter @MattBoone1984
* Follow the official eWrestling account on Twitter @eWrestlingCOM
* Follow the official eWrestling Facebook page at Facebook.com/eWrestlingCOM
* Chat with other fans about this article in the official eWrestling Disqus feed below, or at Disqus.com/home/forums/http-ewrestling-com