WWE is going through cost-cutting measures that are still on-going. The company slashed their budget in a huge way on April 15th with widespread releases. Those efforts to save money didn’t stop there.
It was recently reported that WWE cut pay for executives. During Wrestling Observer Radio, Dave Meltzer revealed more pay cuts that went down in Vince McMahon’s company including producers and referees.
“WWE cut the pay of I believe for all the producers if not most and I was told the referees, I don’t know if it’s all, but most. I don’t know how much. People I know [told me] the number was 20%.”
All of WWE’s executives took a pay cut in April. Vince McMahon and top executives took a pay cut, but their money really comes from stock. We will have to see if the cost-cutting measures continue and how deep they go. The company has apparently moved on to their next phase of lowering their expenses.