WWE to start major cuts & talent layoffs post TKO merger

WWE has recently completed the merger into UFC's parent company Endeavor under the newly formed TKO Group holdings. It was already reported that there will be layoffs in employees, a recent report from HousOfWrestling.com says that there will be "major cuts" in WWE main roster and NXT. Although it was said that the layoffs will be delayed for a later date, WWE President and TKO Board Member Nick Khan has now confirmed the layoffs this friday.

Layoff begins this Friday

It was reported that the WWE President and TKO Board member, Nick Khan has sent mail to WWE employees informing them that the layoffs will start this Friday (September 15, 2023) and asked them to work remotely tomorrow as there will be a reduction in workforce.

PWInsider has shared the official mail that Nick Khan sent to notify the WWE Employees on layoffs.

“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 who’s 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 those most talented, creative, and hardworking 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”

[H/t Wrestle Talk]

As the layoffs are already expected after the merger, it is no surprise that the layoffs take place immediately. However there isn't any information about any talent cuts.

WWE’s CFO departure

Before the layoff began, WWE's Chief Financial Officer, Frank Riddick III already resigned from his position after the merge was done. Although there isn't any official information on whether he was released or he voluntarily departed.

With WWE layoffs beginning tomorrow for the employees, what do you think will be the next move by TKO Group? Share your thoughts with us in the comments.