10% of Company To Lose Their Jobs

[The Ultimate Nullifier]

As noted, WWE will hold an earnings call tomorrow and reveal the latest WWE Network subscriber count.

We've also noted how mass layoffs are expected.

The number being mentioned the most is that 10% of WWE's employees will lose their jobs.

The mass layoffs could be announced to keep Wall Street happy.

They have 800 people on the payroll. 80 people could be pinkslipped.

[The Ultimate Nullifier]

It is not a good day at WWE HQ in Stamford as 7% of the work force (roughly 55 people) were let go.

[The Ultimate Nullifier]

We noted earlier that around 7% of employees at WWE headquarters were released due to the ongoing budget cuts. This would be around 55 employees.

Tonight, Vince McMahon notified WWE employees via email that today's staff reduction process is now over. Those that were not notified are still employed by the company.