WWE and UFC are set to merge under Endeavor, and the new TKO Holdings Group will soon be their new company. Although this is exciting for investors, who are bound to make a profit, some employees in WWE are a bit scared right now.
PW Insider reported that WWE employees are a bit shaken up right now. There is reportedly a “sense of doom” looming in the offices over this merger with the UFC. Some people are very afraid about losing their jobs.
Whenever companies merge, redundancies are bound to be discovered. It is an overwhelming fear within the company that WWE will fire a lot of people when those instances are found.
As we have noted here, the Endeavor takeover of WWE is expected to take place by the end of next month. Some high up sources we have spoken to believe it could take place by the middle of September and noted that almost immediately, you can expect to hear of employees departing WWE.
There is a sense of doom and gloom among some WWE employees already, as the feeling is that if you aren’t in the production studios or directly involved with WWE Talent, you could find yourself on the redundency list and potentially let go. As one long-time company employee noted, UFC and WWE won’t need two distinct travel offices, accounting departments, etc. There are a number of employees quietly looking for their next job out of fear of having to pivot and getting out ahead of potential layoffs. How many are actually cut from the company will remain to be seen, but it’s been a big topic of conversation among those working in Stamford as they realize the end of the McMahon family ownership will be here in just a few weeks.
We hope that nobody loses their job in WWE, but it might happen. Mergers can be ruthless, especially when business and bottom lines are concerned. We will have to keep a very close eye on this always-developing story.
It was said at first that WWE and UFC will eventually run as their own companies. That being said, this idea of people losing their jobs is still a popular subject of discussion within the company.
What’s your take on WWE firing employees when the merger is over? Sound off in the comments to let us know what you think!