WWE Releases Rusev, Kurt Angle, Zack Ryder and More, Due to Coronavirus Cuts

04/29/2020 01:28 pm EDT

WWE released a large number of Superstars, backstage producers, referees and writers on Wednesday as part of a cost-cutting effort amid the coronavirus pandemic. The company announced on Wednesday morning via a press release that the firings and furloughs could potentially save the corporation $4 million, stating "Given the uncertainty of the situation, the Company also identified headcount reductions and made the decision to furlough a portion of its workforce effective immediately."

Here's a full list of every wrestler who has been released:

And here's the full list of every backstage producer/referee/writer who have either been released or furloughed:

WWE's press release from Wednesday morning read as follows:

"WWE (NYSE: WWE) today provided an update on measures taken by the Company in response to the current impact of COVID-19 on the organization. Due to COVID-19 and current government mandated impacts on WWE and the media business generally, the Company went through an extensive evaluation of its operations over the past several weeks."

"This analysis resulted in the implementation of various short-term cost reductions and cash flow improvement actions including:

"Given the uncertainty of the situation, the Company also identified headcount reductions and made the decision to furlough a portion of its workforce effective immediately," the release continued. "The decision to furlough versus permanently reduce headcount reflects the fact that the Company currently believes the furlough will be temporary in nature. The Company's reductions of employee compensation and headcount result in an estimated monthly savings of $4 million along with cash flow improvement of $140 million primarily from the deferral in spending on the Company's new headquarters."

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