WWE started a lot of layoffs today, and we are still getting more names. It appears that WWE is going to see a lot more cost-cutting measures than that to meet the goals.
The merger of UFC and WWE was finalized on Tuesday with the official launch of the TKO Group under the parent company Endeavor. In light of this merger, cost-cutting measures are being pursued, and some WWE executives have already departed the company. Endeavor CEO Ari Emanuel, in an appearance on CNBC, stated their intention to reduce WWE’s expenses by $50 million to $100 million in order to enhance profitability.
Notably, when Endeavor acquired UFC in 2016, they implemented similar cost-cutting measures, which included significant layoffs within the company’s administrative staff but had limited impact on talent. There is still ton of debt associated with that deal.
The primary focus in that instance was on restraining talent-related expenditures. It’s expected that, akin to the UFC scenario, wrestler compensation may see slower growth compared to revenue and profits.
It’s worth mentioning that Endeavor’s approach to the actual management of the wrestling product is likely to remain hands-off, similar to how they operated with UFC. Consequently, significant alterations to the TV product are not anticipated, if any changes occur at all. They do not anticipate that their television deals will be any sort of package at this time.
While no talent releases have been confirmed at this point, there are rumors circulating about potential substantial cuts affecting both the main roster and NXT. Keep checking back with Ringside News for more.
What’s your take on WWE’s current cost-cutting measures? Sound off in the comments to let us know what you think!
September 15, 2023 11:57 am