WWE and UFC are now part of the TKO Group, and unfortunately, that will result in layoffs within WWE. Fightful posted an email that was sent internally within WWE that asked employees to work remotely tomorrow so that workforce reductions could take place. The email goes on to say that those impacted will be contacted by Human Resources and that the HR team will share details of severance packages during those calls. WWE closes the email out by writing “WWE is a special place, which makes moments like this difficult. Just know that we have nothing but gratitude and admiration for everyone we have had the privilege to work alongside.” Our thoughts are with those affected by the layoffs, and we wish them nothing but the best.
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The email reads, “Thank you for all your contributions and dedication. As part of WWE’s transition into the newly formed TKO Group Holdings, we are evaluating our existing operations and systems to identify potential synergies across the business.This effort includes workforce reductions, which will take place tomorrow.
Those whose roles have been impacted will be notified by our Human Resources Team, who will share the details of their severance package.We are asking that everyone work remotely, Friday September 15th, so we can insure all conversations are handled privately and respectfully.We’ll send out a company-wide email once all of tomorrow’s conversations have happened.
Our company is home to the most talented, creative, and hard-working employees in the world.WWE is a special place, which makes moments like this difficult.Just know that we have nothing but gratitude and admiration for everyone we have had the privilege to work alongside. Thank you for all your contributions and dedication.”
In the announcement of the merger finalization, Vince McMahon commented on the partnership between Endeavor and WWE over the years, and also the future of WWE under their guidance, highlighting the growth of the UFC.
“This is the culmination of a decades-long partnership between Endeavor and WWE across strategic initiatives including talent representation and media rights. Given our collaborative, trusted relationship and Endeavor’s incredible track record of success growing UFC, we believe WWE is optimally positioned for future growth and success as part of TKO. Our focus remains on delivering for our fans across the globe as we take the business to the next level alongside UFC and Endeavor,” McMahon stated.
Our thoughts are with those affected by tomorrow’s layoffs, and we wish everyone nothing but the best.
