covid-19 pandemic crisis

WWE Releases Several Wrestlers Amid Pandemic

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The WWE is releasing many wrestlers amid the ongoing global health crisis. The company made a broad announcement about the state of their business on Wednesday (April 15). “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…given the uncertainty of the situation, the Company also identified headcount reductions and made the decision to furlough a portion of its workforce effective immediately.

The decision to furlough versus permanently reduce headcount reflects the fact that the Company currently believes the furlough will be temporary in nature,” they reported.

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