The number of WWE employees being cut appears to be rising. WWE
gave an official number of 55 while CNN Money reported today that the number was
actually 60. Another source says that it was 82 people, which would be 8% of the
staff. They range from those hired this year to someone who has been with the
company for twenty years.
Cuts were made in several different departments, including
accounting, WWE.com, production assistants and human relations. All fourteen
people on the WWE Magazine staff were released as well. The October edition will
be the last for the magazine and the contents are finished enough that the staff
can be released now. WWE will pay over $4.5 million in severance.