WWE has been releasing several employees including WWE Superstars for the past few months. This began with the release of Superstars such as Chelsea Green and Mickie James in April. An astounding number of talents have been released this year.
Back in June, WWE held yet another round of cuts from the company and it included several big names. Among them include the likes of Aleister Black and Buddy Murphy. Unfortunately, WWE released several Superstars again a couple of weeks ago. This included the likes of Nia Jax, Karrion Kross, Keith Lee, Mia Yim and more.
That was not all as WWE has released even more talents last week. This included the likes of John Morrison, Drake Maverick, Jaxon Ryker, Tegan Nox and more.
While speaking on the 83 Weeks Podcast, Eric Bischoff talked about WWE’s latest batch of releases. Eric Bischoff stated that Vince McMahon had no choice but to release their talents, unlike Tony Khan as WWE has a fiduciary responsibility to their shareholders.
“I understand what Tony is saying and I applaud him for caring as much about his talent as he does, how could that be a negative thing, it’s not. But here’s the reality, again: WWE is a publicly held company, AEW is not. WWE has a fiduciary responsibility to their shareholders to make decisions and manage their business in a way that will most benefit the shareholders. Would Vince McMahon personally prefer not to have to release this talent? I’m not saying he does or doesn’t, but he has no choice. Even if he did, he has no choice, he has to manage his budget and his business in a way that is most beneficiary to his shareholders.
Tony Khan has to manage his business in a way that most suits himself. There’s a big difference between the two and I think criticizing WWE for exercising fiduciary responsibility to their shareholders, whether or not you believe it’s also setting them up for a potential sale, take that aspect out of it. To criticize WWE for managing their budget in a way that they’ve been entrusted to by their shareholders and by law have to manage said budget in a way that is beneficiary to their shareholders. To criticize WWE for that is understandable but not the whole story.”
Over 80 talents have been released by WWE so far. WWE is determined to release as many talents as they can at this point in time and it is highly unlikely they will stop anytime soon. Unfortunately, We have to see who will be next on the chopping block.
h/t to Wrestling Inc for the quotes.
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