WWE is planning to make “aggressive” cuts, aiming to save at least $50 million following the company’s deal with Endeavor and the upcoming merger with the UFC, as stated by WWE President Nick Khan in a recent interview with LightShed Partners.
Referring to the cost-cutting measures implemented by UFC after being purchased by Endeavor in 2016, Khan noted that similar outcomes are to be expected for WWE. He said,
“If you look at what Endeavor was able to take out, cost-wise, from UFC in 2016 or shortly after that deal was done, we have the same expectation here. We think 50 (million) is a really conservative number. We have integration teams now, we’re going to get those in shape, I think we’ll have a better sense of it in a month or two. We’re going to be pretty aggressive with them to make sure that, for our shareholders and for our company, our organization is as lean and mean as possible, and we’re going to rely on the Endeavor flywheel to make up the rest.”
Nick Khan also noted that these cuts will not affect WWE talent and creative teams.
