Significant downsizing is anticipated in both WWE’s premier and NXT rosters following the establishment of TKO Group Holdings.
The monumental amalgamation of WWE and UFC was formally announced this week, celebrated with a formal event at the New York Stock Exchange attended by prominent personalities from WWE, UFC, and Endeavor.
According to an exclusive disclosure by Nick Hausman of Haus of Wrestling, substantial reductions in the personnel of WWE’s principal roster and NXT brand are imminent. Although the exact timeline remains unconfirmed, insiders have revealed that these changes have been in the pipeline for a considerable period.
Sources conversing with Haus of Wrestling disclosed that while WWE employees might face layoffs as early as tomorrow, the release of talents could potentially be deferred to avoid negative publicity that could arise from a simultaneous dismissal.
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The reshuffling extends beyond the roster, affecting the corporate echelon with impending sweeping layoffs planned in the WWE’s administrative domain, aiming to align its operational strategies with those of UFC.
In a considerate move to address the issue privately and with dignity, WWE President Nick Khan urged employees through a company-wide circular to opt for remote working on Friday, September 15.
Adding to the series of significant departures, WWE’s Chief Financial Officer, Frank A. Riddick III, is scheduled to exit the firm later this month. Having contributed over 13 years to the WWE Board of Directors, Riddick presently holds the dual roles of the company’s president and CFO.
