WWE released a lot of people from their contracts yesterday, but they also axed some people in the corporate office that few will ever year about unless it is reported. Those names are added to the huge number of releases and firings that WWE handed down this year.
According to a report from Fightful Select, Mike Giacco, Laura Todd, Laura Petrucelli and John Stamatis are no longer with the company. There are plans in place to hire new people to fill their spots.
Although none of these people performed in the ring, one of them, Mike Giacco, is a former WWE 24/7 Champion. You can check out a brief write-up for each firing below.
Laura Petrucelli- WWE’s Vice President of Branding that worked directly with WWE’s CBO. It is noted that she managed a $13M budget annually. She’d worked with WWE for over nine years.
John Stamatis: Stamatis served as the SVP of Global Marketing and Sales Strategy at WWE for over four years. Prior to that, he’d worked in the marketing departments for the NBA, Pepsi and various other companies for years, and has been involved in that end of work for nearly 30 years.
Laura Todd: Laura Todd had been Vice President of Partnership Marketing since October 2007, spending over 14 years with the company. Prior to that, she spent time at Sports Illustrated.
Mike Giacco: WWE fans actually may recognize Mike Giacco, as he won the WWE 24/7 Championship in 2019, before losing it to R-Truth.
Hopefully, WWE is finished firing people at this point. They just boasted profits across the board during their 3rd quarter 2021 earnings call. That was quickly followed by more efforts to trim the bottom line.
What’s your take on this story? Sound off in the comments!