As the deal between WWE and Endeavor nears its finalization, it sounds like employee cuts are going to be inevitable.
In an earnings statement yesterday, Endeavor confirmed that it expects its deal with WWE to merge WWE and UFC will be completed in the second half of September 2023.
On Endeavor’s earnings call, its CEO Ari Emanuel stated that “plans are underway to make cost savings and synergies happen immediately upon closing” .
What that essentially means is there will almost certainly be employee layoffs, likely involving both WWE and UFC staff members, as the two companies are merging into just one company called TKO.
As for potential WWE talent releases, that’s obviously a situation that’s separate from employees, and there is no word yet on whether or not that will be part of the planned cost cutting.
We will never speculate about talent releases until there is official word of them happening, so we’ll keep you updated when necessary.
For all the latest WWE news, click here.
Comments powered by CComment