Big WWE Company Layoffs Expected for Tomorrow – An email was circulated today, authored by Nick Khan, informing employees that they should work remotely from home tomorrow. The purpose behind this decision is to ensure that human resources can conduct layoffs discreetly.
The anticipation of layoffs has been prevalent since the merger announcement. With WWE now falling under the Endeavor/TKO umbrella, there is a perception that there may be overlapping roles and that cost reduction can be achieved through workforce reductions. The complete email sent by Khan is provided below:
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
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Big WWE Company Layoffs Expected for Tomorrow
