1) The Current Mood Among WWE Employees
According to a report from Mike Johnson of PWInsider, the mood at WWE Headquarters in Stamford has been very rough. This comes after WWE released or furloughed around 100 employees in total.
Johnson says that there are some who feel “survivors guilt” in the company after their friends were let go. With all of the cuts, employees now have a lot more on their plates as well.
Here is what Johnson wrote:
Today was a rough day for WWE staff for a number of reasons. One, obviously was the passing of Howard Finkel, but there was also the fallout of yesterday’s cutbacks as staff came over the shock of the day. Today, they were acclimating themselves to the new normal of so much of the company being on furlough or let go. One person felt at least 40% of the company was gone today vs. yesterday and I’ve had four different people mention having some form of “survivor’s guilt” over friends and co-workers being gone while they remained. It was a rough day, especially since those remaining have far more on their plate than usual going forward and now have less manpower to get the work done.
Cuts were across the board in every division. We are told that the live events division was especially hit hard since there aren’t any events currently and the digital area of the company also suffered deep cuts as well. Those who were furloughed were told the company hoped to have them back by July and that the company would cover their benefits during this time. There are, obviously, a lot of people wondering if and when they will return to WWE.
My Take:
- I feel bad for them. Not only did a lot of their friends get canned but they now have more work to do on a weekly basis because of the cuts. Must have been a crazy day on Wednesday as well when all of the cuts happened and they were waiting to see if they got fired.
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On a related note, check out our predictions for Money in the Bank 2020 here.