Following WWE President Nick Khan’s memo to HQ employees in Stamford about upcoming post-acquisition layoffs, concerns arose that wrestler cuts might also be on the horizon. However, it appears that WWE NXT and main roster wrestlers will not face mass releases today.
While the layoff memo was issued to office employees, no such warning reached the talent. Although this doesn’t confirm that wrestlers are entirely safe, it suggests they may be spared for the time being. The belief has persisted for months that significant releases could occur in NXT and on the main roster after the Endeavor merger, announced in April. While talent cuts have been reportedly planned for some time, the exact timing remains uncertain, and WWE might hold off for PR reasons.
Today will likely bring significant cuts to WWE HQ as the merger creates TKO Group Holdings. While the exact number of layoffs is unclear among WWE’s roughly 800 employees, redundancies across various departments, including production, sponsorships, licensing, public relations, and human resources, are expected to be addressed. In the past, Endeavor cut $70 million from the UFC’s costs within the first 18 months of ownership. It’s unknown if there will be similar layoffs at UFC, as no memo to employees has been reported at this time.
