Not So Fast: WWE Freezes Raises, Bonuses And Promotions

That won’t go over well. The Coronavirus pandemic has changed the way the wrestling world works and that is going to be the case for a long time to come. Every wrestling company has been shaken up by this and as a result, most of them are not making nearly as much money. This is the case with WWE as well, but their latest move might not be seen in the best light.

One of the biggest problems with the Coronavirus has been the lack of live attendance, which has shrunk the amount of money that WWE is bringing in. As a result, the company cut dozens of wrestlers last year, though they have also reached a new deal with NBC to move the WWE Network to Peacock. That move along should make the company profitable for a long time to come. However, that does not mean things are great and now we are seeing the repercussions.

According to Fightful Select, WWE held a meeting on Friday with its corporate employees, where they were told that there would be no promotions, raises or bonuses for the time being. This comes after the company’s fourth quarter revenue was down, but the year 2020 as a whole was up. There is no word on how long this will last or whether the wrestlers’ pay will be affected.

This is the kind of money situation that can be a problem. Check out some wrestlers being let go:

Superstars Getting Fired: WWE Top 10

Opinion: When you factor in the Peacock deal, all of the cuts made, and the huge television deals that WWE has, this is a bit much to take. There is no secret to the fact that WWE has a great deal of money and that makes it a little hard to accept everyone having to tighten their belts. They can afford to pay to bring in celebrities and those fancy new cameras, but not pay the people who help put things together?

Thomas Hall has been a wrestling fan for over thirty years and has seen over 50,000 wrestling matches. He has also been a wrestling reviewer since 2009 with over 5,000 full shows covered. You can find his work at kbwrestlingreviews.com, or check out his- Amazon author page with 30 wrestling books.

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