Following the official merger between Endeavor and WWE earlier this week, which will combine WWE and UFC, expected reductions in staffing are expected on 9/15.
According to F4WOnline and PWInsider, WWE CEO Nick Khan sent out an internal email to employees on Thursday, regarding “workforce reductions” and asking that employees work remotely to “insure all conversations are handled privately and respectfully.”
Per F4WOnline’s report, WWE has approximately 800 employees. It is not known as of this writing how many employees will be let go. It was noted that by comparison, three months after Endeavor purchased UFC back in 2016, they reportedly laid off less than 15 percent of their workforce.
Below is a copy of the internal email, which is courtesy of both F4WOnline and PWInsider.
Hi All,
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 work force 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 15, so we can ensure all conversations are handled privately and respectfully. We’ll send out a companywide 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.
Nick Khan