One of the biggest stories of the week was WWE’s massive layoffs and cuts to talent, coaches, producers, executives, etc. This was in response to the Coronavirus pandemic that is sweeping the world. However, an owner of a major league franchise has called this move ‘appalling’.
According to the latest issue of the Wrestling Observer Newsletter, an anonymous owner of a sports team had the following to say to Dave Meltzer:
“I’ve had to do two layoffs in my life. They both sucked, but I always understood they sucked more for the people being laid off.
I know a few people in the wrestling business, one who lost their job in the furlough today. I understand layoffs. But given WWE’s cash position, the essential business status they negotiated, the unsafe conditions they are already asking workers to commit to and the fact that they are doing so much better than every other live / place-based business, for them to be THE FIRST company in the business to have such a significant layoff is unpalatable. I bought tickets to Wrestlemania and was excited to go, I enjoyed watching the empty arena / cinematic two-day show they put on and planned to be a loyal customer to the company, until this.
With everything going on in the world, we need leadership. What WWE did today is the antithesis of that and renders everything they said about `showing up for the fans’ meaningless. I am a fan, and I care about the talent.”
Check out some recent work from some of the laid-off wrestlers:
I hate this for all of the talent that is affected by these layoffs. However, when it comes to the world of entertainment, there are no guarantees in life, and I know that all of these wrestlers will bounce back. There are no right or wrong answers here; business is business and the people in charge have to make difficult decisions.
What do you think of WWE’s recent cuts? Leave us a comment below, or post a comment on our Facebook page! Also, be sure to sign up for our newsletter!