WWE Black Thursday

[Lock Jaw]

Originally Posted by Emperor Smeat According to the Observer, WWE will start doing layoffs starting this Friday as part of the fallout of their sale to Endeavor & merger with UFC being official this past Tuesday. The amount of people getting laid off is currently not known but recent rumors is as low as around 50 to as high as around 100. For some perspective, WWE currently has around 800 employees. In an internal memo sent today, WWE informed their staff to work remotely and to not talk publicly about anything regarding the upcoming layoffs. It was also reported that it is currently not known if UFC will be seeing a similar level of layoffs as well.

WWE's internal memo:

"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."