WWE has made some significant improvement after the merger with UFC happened and TKO Holdings Group was formed. While this merger came with its set of layoffs, it looks like there would be more layoffs on the horizon.
Ringside News reports through Wrestling Observer Newsletter that many more cuts are planned, and there will be people moving out of the new corporate headquarters. As of this writing, no superstar cut is expected, but anything can happen in the WWE.
The company noted that there will be a great decrease in expenses in eliminating jobs in IT, marketing, finance, human resources and legal when it comes to overlapping personnel in UFC and WWE who can do those jobs for both companies. They expect to save $50 million to $100 million, and the figure was said to be expected to be the high end of this range, with 75 percent of the savings being on the books for 2024.
Wrestling world’s latest buzz TKO Holdings Group shared their profit details in the first ever earnings call. The 3rd quarter of 2023 saw them boast a few numbers, but that doesn’t mean that people won’t be released from their positions. It would be interesting to see who is shown the door, and who is there with the company after a successful 3rd quarter.
Do you have any guesses? Sound off in the comments.
