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WWE Lays Off Several Employees Including Vice Presidents

Triple H took over as the top of Artistic of WWE after Vince McMahon retired. Afterwards, Stephanie McMahon and Nick Khan had been made the co-CEOs of the corporate. The corporate additionally laid off a number of workers not too long ago.

For the previous couple of years, WWE has been letting go of quite a few workers, each wrestlers in addition to backstage. This has led to a whole lot of backlash from followers, who nonetheless can’t consider WWE may launch individuals throughout the pandemic.

Brandon Thurston of Wrestlenomics stories that WWE made layoffs to the advertising and marketing division on September 16. Thurston added that “a number of individuals on the Vice President stage had been let go.”

“I’m instructed there have been layoffs right now to WWE’s advertising and marketing division. A number of individuals on the VP stage had been let go. Presumably part of a restructuring to that division. EVP Catherine Newman was employed this summer time as the brand new head of promoting.”

There have been different firm adjustments along with that. Of their newest SEC submitting, it was introduced that Barstool Sports activities CEO Erika Nardini resigned from her place on the Board of Administrators. The submitting additionally formally introduced that Michelle McKenna and JoEllen Lyons Dillon had been elected to be on the Board.

“Concurrent with the election of Mses. Dillion and McKenna, Erika Ayers Nardini has resigned from the Board,” WWE’s submitting mentioned. “With the latest acquisition of Barstool Sports activities by Penn Leisure, Ms. Ayers Nardini’s time might be centered on the following chapter of this enterprise and partnership. Ms. Ayers Nardini’s determination to resign from the Board was not on account of any dispute or disagreement with [WWE], its administration or any matter referring to [WWE’s] operations, insurance policies or practices.”

We will have to wait and see whether the company will end up firing more employees or not. For the time being, the current layoffs might be enough right now.

What’s your take on WWE downsizing? Sound off in the comments!

September 17, 2022 10:55 am



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