As soon as it was announced that WWE was combining with UFC’s parent company, Endeavor, it was assumed that job redundancies would shortly follow. And now, with the merger having been completed this past Tuesday and TKO Group Holdings officially launched, Nick Khan has issued an internal memo to staff confirming this. In this, employees are asked to work from home on Friday and told that the company’s human resources department will notify those affected regarding their severance packages.
“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 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.”
Nick Khan
From the wording, it doesn’t sound like in-ring performers are included in this redundancy process. However, rumors do persist that there will soon be roster cuts across all three of the company’s brands, with a reduced workforce being one of the quickest ways to save money. Therefore, it appears to be a case of when rather than if talent releases commence.
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