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The cost cutting in World Wrestling Entertainment has not ended, PWInsider.com has confirmed.
A number of executives and officials were informed over the last 48 hours that their pay would be reduced going forward due to the company's ongoing efforts to respond to the COVID-19 pandemic's effect on their business.
WWE announced last month, in a press release, that their measures would include:
*Reducing executive and board member compensation.
*Decreasing operating expenses.
*Cutting talent expenses, third party staffing and consulting.
*Deferring spend on the build out of the Company’s new headquarters for at least six months.
The company has already furloughed a great percentage of the company across every division as well as cut a number of talents, producers and third-parties who had worked for and with WWE. WWE has noted internally that they hoped those furloughed would return in July, but there is no word whether that timeline remains accurate.
The departure of Smackdown Lead Writer Chris DeJoseph, which we reported on last night, was unconnected to these cutbacks, PWInsider.com is told.
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