As expected, WWE will begin its post-Endeavor acquisition layoffs today (Friday).
On Thursday afternoon, WWE President Nick Khan sent an email to all office employees to announce that they should work remotely on Friday. The reason for this is because the company will begin their layoffs. With the work taking place remotely, the WWE HR team will be able to conduct the layoffs privately.
The releases coming today are all expected to be office employees. As of this writing, there is no word on whether talent releases are also coming in the near future but many of them feel it’s only a matter of time.
You can read Nick Khan’s email to the office employees below:
“Hi All,
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 workforce 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 15th, so we can insure all conversations are handled privately and respectfully. We’ll send out a company-wide 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.
Nick Khan”
