The WWE is going through a rough patch right now. They haven’t had the success with their WWE Network that they hoped for and now they will need to make up for that somewhere. They will be laying off 7% or 53 of the 762 people in their Samford, CT offices:
Here is what Vince McMahon had to say:
“Additionally, we identified efficiencies that will improve our 2015 [operating...
Vince McMahon did what was best and worst for business when he bought World Championship Wrestling in an effort to control the industry. And by doing that, the wrestling, sports entertainment and business tycoon has given the fans some of the best and worst matches in the history of the industry.
– It’s being reported that as part of the seven percent decrease in staff that WWE announced Thursday during their second quarter conference call, 55 employees from various departments at WWE Headquarters in Stamford, Connecticut were let go on Thursday.
According to one source, Vince McMahon sent out an e-mail to notify WWE employees that the current staff reduction process...
We noted earlier that around 7% of employees at WWE headquarters were released due to the ongoing budget cuts. This would be around 55 employees.
Tonight, Vince McMahon notified WWE employees via email that today’s staff reduction process is now over. Those that were not notified are still employed by the company.
The post Vince McMahon Reportedly Contacts WWE...
Source: The Wrestling Observer
UPDATE:Vince McMahon has sent an email to WWE employees saying that today’s staff cuts are complete.
ORIGINAL: For those who missed it buried in the conference call report and flurry of WWE financial posts, Vince McMahon confirmed during WWE’s conference call today that the company will be cutting 7% of its staff.
On Thursday morning, the WWE held a conference call to provide the results what the company did in the second quarter. On the call was WWE Chairman Vince McMahon, WWE Chief Strategy and Financial Officer George Barrios, and WWE Investor Relations Michael Weitz.
BetweenTheRopes.com was on the call, so check out the audio below.
A special thank you to all the supporters of BetweenTheRopes...
Credit: Larry Csonka
The call started at 11:03 AM ET.
Michael Weitz, SVP Financial Planning & Investor Relations opens the call and then turns it over to Vince.
Vince says that domestic attendance is up, for the fourth quarter in a row, which they are pleased with. Raw is up 5% in ratings, and Smackdown up 3%. Smackdown has seen a rise for the last seven quarters.
He thinks that...
On Thursday morning, the WWE held their second quarter conference call to discuss what happened in the quarter. Apart of the call was WWE chairman Vince McMahon, WWE Chief Strategy and Financial Officer George Barrios and WWE Investor Relations Michael Weitz. Here are the highlights of the call.
-McMahon says the key drivers for the company are domestic attendance, television ratings...
This morning, the WWE released its second quarter results for 2014 on its corporate website. In the report, the updated WWE Network subscriber number was released which saw a slight increase for the period.
The company announced that the WWE Network now has 700,000 subscribers, up from 667,000 on April 7 which is the day after WrestleMania 30. During that period, the network...
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Only in the WWE can you see two executives screwing with heroes and telling the fans to stick it only to see them moments later promoting the Special Olympics and fighting bullies. And you wonder why less people are watching pro wrestling today than ten years ago?