Recently, WWE merged with the TKO company, which sent shockwaves across the sports and entertainment scene. This historic partnership aims to create an unmatched sports media alliance, transforming the involved companies into sporting powerhouses. Despite this great thing for the biggest sports entertainment, things haven’t been right for some of the WWE employees as reports state that the company has terminated 100 employees while top executives like Triple H and Nick Khan saw substantial financial gains from the TKO merger.
Top Execs from Triple H to other net millions while 100 employees face layoffs
Recent reports state that prominent figures within the company, including Nick Khan, Kevin Dunn, Triple H, and Frank Riddick, received substantial bonuses from the merger. Khan emerged as the top earner, reportedly securing a staggering $15 million, while Triple H received a reported $5 million from the merger, according to the same sources.
The company appeared to be on the rise, with soaring profits and potential for growth. However, recent updates reveal a different story for WWE. Following the completed merger of WWE and UFC into TKO Holdings Group, there was a sudden wave of layoffs, a grim day indeed for the company. Reports from PWInsider indicate that over 100 employees were terminated abruptly from different sections, heightening the distress within WWE.
The merger between the wrestling company along with TKO signalled a new phase, accompanied by TKO Holdings Group’s aim to cut costs, targeting a substantial reduction between $50 million to $100 million. This stringent goal necessitates tough choices and underscores the impact on the workforce.
This groundbreaking partnership, now under the newly established TKO company, strives to forge an unparalleled sports media alliance in the industry. Ever since the announcement, the internet has been abuzz with numerous talking points, igniting spirited discussions about this monumental merger.
Currently, the talk is shifting towards WWE’s decision to terminate 100 employees, seen as a cost-cutting measure. Notably, there were no talent releases today, and the layoffs targeted the other staff. Undoubtedly, this move will have an impact, and now we await WWE’s official statement on the matter.
WWE going well
Though the company has shredded off a huge amount of employees it doesn’t seem like the thing has affected them a single bit. On the recent episode of Smackdown, WWE brought back the Rock, which came out of nowhere to the fans as a surprise, and everyone went nuts on the Rock, Pat Mcafee and Austin Theory segment on the episode. The segment also generated millions of views on the social media handles of the company, and it indeed seems like they are earning more profit.
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