WWE Chief Content Officer Triple H has brought several stars back to the company ever since he took over. However, there haven’t been any new signings this year. Reports emerged noting a hiring freeze was implemented after WWE recently agreed to be acquired by the Endeavor Group.
WWE has been sold to UFC’s parent company, Endeavor. In a statement, Endeavor announced a “definitive agreement” that will see WWE come under the company’s ownership in an estimated $9.3 billion deal. The deal will see Endeavor from a new publicly listed company, consisting of both WWE and UFC. Endeavor will hold a 51% controlling interest in the new company and existing WWE shareholders will hold a 49% interest in the new company.
McMahon will be the Executive Chairman of the WWE side once the process of sale is completed. Typically, when a company is looking to sell or be acquired, it will not hire any new people and will try to cut costs as much as possible to make the company look more profitable.
WWE is reportedly not applying hiring freeze
In the latest edition of the Wrestling Observer Newsletter, Dave Meltzer reported that there is no hiring freeze going on, and WWE remains in talks with significant performers, although he didn’t mention who these wrestlers are.
Ringside News first reported that there is not a hiring freeze in WWE.
Meltzer wrote, “There is also no hiring freeze as has been reported in many places. WWE is still business as usual when it comes to hiring and in talks with new significant performers.”
