For the past couple of months, WWE has let go of several employees including WWE Superstars. It all began on April 15th, with Superstars such as Mickie James, Samoa Joe, Peyton Royce and Billie Kay getting fired.
After that, the company released several NXT Superstars and over 60 backstage employees overall. They also recently released the likes of Braun Strowman, Aleister Black, Lana, Ruby Riott, Buddy Murphy and Santana Garrett.
Due to cuts of such a nature, speculation that the company is likely to be sold has gained steam yet again. However, it seems a WWE Hall Of Famer doesn’t think the cuts have anything to do with WWE being put on for sale.
While speaking on his After 83 Weeks show, Eric Bischoff discussed the recent sweeping cuts, which have been revealed to be budget cuts. Bischoff stated that the cuts don’t mean that WWE will be up for sale and blamed a bloated talent budget for the cuts.
“If you’re a publicly held company and you’re an officer of the company – and you’re the chairman of that company, guess what your number 1 job is when you get up every single morning? To make money for your shareholders. That is called a fiduciary responsibility. That’s Vince’s job – to make money for his shareholders. And guess what? If it looks like he’s not paying attention to details, if it looks [like] he doesn’t have the best interest of his investors in mind, if it looks like he has a bloated talent budget and it makes no sense to have 300 people under contract where in the last six weeks you’ve only used 78 of them. Maybe somebody said, ‘Hey, Vince, I think we better take a (sic) lot at our roster because it doesn’t look like we’re managing it very well.'”
At this point in time it is not known for what purpose WWE decided to release so many employees over the past couple of months. With more WWE Superstar releases expected soon, we wonder what is the end goal for the company.