Due to the financial impact of the coronavirus on WWE, the company started releasing several wrestlers, producers and staff from their deals on April 15th, 2020.
Fightful.com obtained the transcript of what Vince McMahon said to WWE employees on Wednesday in a conference call. This was prior to the company making the budget cuts public.
Here’s an excerpt from the transcript of what McMahon had to say:
“Thank you all for joining me today. First and foremost, I hope that you and your families are safe. What we’re going through today is unprecedented, and there’s no doubt these are challenging times for everyone. Given the adverse effects of the Coronavirus and the resulting financial recession, WWE, like so many companies have to decrease operating expenses.”
McMahon ended the call by stating, “These are not easy decisions, but reflect the reality of the environment we’re working in today. We live in a world of troubled times. I’m confident as a company, and most importantly, confident in you as individual employees, will pull through these tough times and come back to work and make life better than it’s ever been. Thank you.”
To read the entire transcript, you can check it out here.