WWE has made staff cuts following its merger with the UFC and Endeavor’s acquisition of WWE. The companies have now become one under TKO Holdings Group.
The move was expected as both companies had departments in place, and it was more cost-efficient to merge them. WWE had staff work remotely on Friday and called for a mandatory meeting on Tuesday.
According to a report from Pwinsider, morale among WWE employees has been decimated, but WWE President Nick Khan noted in an email that the layoffs were done. The company will need to do a lot of heavy lifting in the days ahead as divisions are now much smaller.