As expected, WWE will begin its post-Endeavor acquisition layoffs tomorrow (Friday).
On Thursday afternoon, WWE President Nick Khan sent an email to all employees to announce that they should work remotely tomorrow. The reason for this is because the company will begin their layoffs. With the work taking place remotely, the WWE HR team will be able to conduct the layoffs privately.
The releases coming tomorrow are all expected to be office employees. There is no word on whether talent releases are also coming in the near future.
You can read Nick Khan’s email to the office employees 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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WWE Begins Post-Endeavor Acquisition Layoffs
In a move that was expected following the recent Endeavor acquisition, WWE will commence its post-acquisition layoffs starting tomorrow. WWE President Nick Khan sent an email to all employees on Thursday, instructing them to work remotely on Friday. The reason behind this decision is to ensure that the layoffs can be conducted privately by the company’s HR team.
While it is confirmed that the layoffs will primarily affect office employees, there is no information yet regarding potential talent releases in the near future. As WWE transitions into the newly formed TKO Group Holdings, the company is evaluating its existing operations and systems to identify potential synergies across the business. Workforce reductions are part of this evaluation process.
Nick Khan’s email to office employees outlined the company’s approach to the layoffs. He expressed gratitude and admiration for the hard work and dedication of WWE employees, acknowledging that moments like this are difficult for everyone involved. The HR team will notify those whose roles have been impacted and provide details about their severance packages.
The decision to have employees work remotely on the day of the layoffs aims to ensure that all conversations are handled privately and respectfully. Once all the conversations have taken place, a company-wide email will be sent out to inform everyone.
WWE is known for being home to some of the most talented, creative, and hard-working individuals in the world. The company has built a reputation as a special place for both employees and fans alike. While these layoffs may be challenging, it is important to recognize the contributions and dedication of all those who have had the privilege to work alongside WWE.
As the wrestling industry continues to evolve, fans can stay updated with all the latest news on eWrestlingNews.com. The website provides comprehensive coverage of wrestling events and developments. Additionally, fans can follow eWrestlingNews on Twitter and Facebook for real-time updates and engaging content.
While these layoffs mark a significant change for WWE, the company remains committed to its mission of entertaining fans and delivering top-notch wrestling experiences. The transition into TKO Group Holdings presents an opportunity for WWE to explore new avenues and enhance its operations. With the support of its dedicated employees, WWE will continue to thrive and captivate audiences worldwide.