WWE Announces Workforce Reductions Post-Merger, Employees to Work Remotely
In the ever-evolving world of sports entertainment, the recent merger that birthed TKO, combining the might of WWE and UFC, has sent ripples across the industry. With the dust barely settled from the official launch, WWE has announced imminent workforce reductions.
In a move to ensure privacy and respect during these challenging times, WWE dispatched an internal email to its employees, urging them to work remotely. This decision aims to maintain the confidentiality of conversations, especially those concerning layoffs.
While WWE boasts a workforce of around 800, the exact number facing layoffs remains undisclosed. Drawing parallels, when Endeavor acquired UFC in 2016, they reportedly laid off less than 15% of their staff within the subsequent three months.
The email to WWE employees highlighted:
> As WWE transitions into TKO Group Holdings, we’re assessing our operations and systems to pinpoint potential business synergies. This includes workforce reductions scheduled for tomorrow. Our Human Resources Team will inform impacted individuals about their severance package details. We request everyone to work remotely on Friday, September 15th, ensuring private and respectful conversations. A company-wide email will be sent post all discussions.
>
> WWE prides itself on a team of dedicated, talented, and creative individuals. Moments like these are tough, given the special bond we share. We extend our deepest gratitude to everyone we’ve had the honor to work with. Your dedication and contributions are invaluable.
As the sports entertainment community awaits further updates, whether UFC will follow suit with similar workforce adjustments remains to be seen. No such communications have been reported from their end as of now.
