Skip to main content

Posts

Showing posts from April, 2020

WWE Releases In Ring Talent, Producers and HQ Office Staff

WWE Releases In Ring Talent, Producers and HQ Office Staff  Photo Credit Ses Scoops On Wednesday  15 April 2020 WWE Released the following statement on their  website (Source WWE Corp Website) "STAMFORD, Conn., April 15, 2020  – WWE (NYSE: WWE) today provided an update on measures taken by the Company in response to the current impact of COVID-19 on the organization. Due to COVID-19 and current government mandated impacts on WWE and the media business generally, the Company went through an extensive evaluation of its operations over the past several weeks. This analysis resulted in the implementation of various short-term cost reductions and cash flow improvement actions including: Reducing executive and board member compensation; Decreasing operating expenses; Cutting talent expenses, third party staffing and consulting; Deferring spend on the build out of the Company’s new headquarters for at least six months. Given...