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WWE Reduces Executive Pay, Furloughs Staff Amid Virus Crisis

Usa virus pandemic crisis Coronavirus
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www.hollywoodreporter.com
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The WWE says that it is taking significant steps to reduce costs amid the coronavirus pandemic. While the company resumed its live wrestling matches this week on USA and Fox, like most media companies it is expecting the pandemic to impact its financial outlook.

In a statement Wednesday, the company said that it would furlough many employees, and that executives and board members would see compensation reduced. “The decision to furlough versus permanently reduce headcount reflects the fact that the Company currently believes the furlough will be temporary in nature,” the WWE’s statement said.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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