Nick Khan has confirmed internally that WWE employees will be casualties of workforce reductions and synergies in the wake of the merger that has formed TKO Group Holdings.
WWE and UFC have merged to form a new sports entertainment conglomerate, TKO Group. Unfortunately, in the wake of such mergers, synergies will take place to reduce costs as TKO looks to create the best hybrid team possible.
Per PWInsider, Nick Khan has issued an internal email to WWE employees announcing that workplace reductions would begin on September 15.
Fans can read the full memo below:
Hi All,
As part of WWE’s transition into the newly formed TKO Group Holdings, we are evaluating our existing operations and systems to identify potential synergies across the business. This effort includes workforce reductions, which will take place tomorrow.
Those whose roles have been impacted will be notified by our Human Resources Team, who will share the details of their severance package. We are asking that everyone work remotely, Friday September 15th, so we can insure all conversations are handled privately and respectfully. We’ll send out a company-wide email once all of tomorrow’s conversations have happened.
Our company is home to the most talented, creative, and hard-working employees in the world. WWE is a special place, which makes moments like this difficult. Just know that we have nothing but gratitude and admiration for everyone we have had the privilege to work alongside.
Thank you for all your contributions and dedication.
Nick Khan
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