Mass WWE Job Cuts Feared Ahead Of Earnings Release

We noted earlier on Wednesday that Thursday is a very important day for WWE as they will report their quarter two earnings for 2014 with updates on the WWE Network. Early indications are the numbers are not going to be good with an increased fear that mass job cuts are coming.

WWE has already been in the process of trying to show investors they are committed to cutting costs in order to make up for the lack of pay-per-view revenue as they transition to the new WWE Network model. This became very clear when they announced mass main roster cuts in June and have continued to cut costs in other areas.

I’m currently unaware of how many people are expected to receive their termination but most sources feel WWE is looking to get as lean as they have been in quite some time. The number of people that could lose their job is possibly staggering.

Again, these are the fears going into Thursday’s official announcement by WWE.

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  • jason witten 82

    And with the mess tna is in these people wont have another place to go, so yeah im sure they are scared I would be too

  • Tom Mayer

    It isn’t just the network they poorly sank money into. Others may disagree and they are welcome to, but I still don’t feel they are getting their money’s worth out of Brock Lesnar. With the money that they pay him, how many jobs could have been saved of the people who actually want to be there at the end of the day?

    • Chris

      Lesnar spikes ratings, which helps create ad revenue, which makes the company money. I was always a big fan of Curt Hawkins, but you could have 12 of him on Raw and it’s not going to move the needle the way Lesnar does. At the end of the day it’s all about making more money, and while Lesnar may be getting a big paycheck, his presence does bring in more money, which makes his place safe.

      • Charlie Crimefighter Hovey

        What about paying Nash hbk and all those others hundreds of thousands to not work or come in.. I mean do they really need to pay that? I know it’s nice to help your friends collect checks but they don’t wrestle at all.. I am sure the company is freaking if that number is the same or even less? I could cancel if I don’t pay the bill and they lose money that way.. They actually need more live programming..

        • Chris

          The problem is the live programming isn’t cheap, it’s easy to say they need more but the cost of producing a live show is much higher than just putting up something from the past. As for the Nash/HBK deals, if I’m not mistaken they’re on Legends deals which are much lower dollar figures than what Lesnar earns.

  • JR Texx (Jamie)

    WWE backed themselves into a corner, and now talented people are paying for it.

    Wow that was a wrong choice of words.

  • Avalanchian

    Nooo Zack Ryder is going to be cut. =(

    • Dustyn

      If JTG is gone, no one is safe!

  • howie316

    What WWE should do is have a PPV type event for an episode of Raw! Kind of like the way WCW used to do Clash of the Champions. Also have a WWE WHC title change once in a while on said show. I also think that Smackdown should move to WWE Network. Unify the Intercontinental & United States Championships. Make the Intercontinental title the great secondary belt that it once was. Rebuild the tag team division. WWE has seemed to have forgotten how they grew to become the big time that they are. But what do I know. I’m just a fan that goes back to the day Superstar Billy Graham lost the then WWWF Championship to Bob Backlund.