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Vince McMahon's conference call with WWE employees is currently ongoing:
*McMahon just announced cutbacks and furloughs for WWE staff and the company overall, stating that these were hard decisions that reflect the current reality.
*McMahon stated the company would be cutting back on pay for Board Members and Executives.
*Plans to move WWE Headquarters out of Titan Tower to the new HQ in Stamford, CT have been delayed.
*McMahon also stated they would be cutting the talent roster and overall head count of employees. Some will go on furlough. Others will be let go from their responsibilities. Employees will receive texts about where they stand going forward.
The meeting lasted less than five minutes.
We can pretty much expect some WWE talent releases to be announced.
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