This past Tuesday, the WWE and Endeavor deal was completed, and they listed TKO Group Holdings Inc. on the New York Stock Exchange. Several top executives of TKO have received bonuses after the merger was completed.
- WWE President Nick Khan – $15 million.
- WWE’s Executive Producer & Chief of Global Television Distribution Kevin Dunn – $7 million.
- WWE’s Chief Financial Officer Frank A. Riddick – $5 million.
- WWE Chief Content Officer Paul ‘Triple H’ Levesque – $5 million.
Yesterday, Nick Khan sent an email to every employee of WWE. In an email, Khan informed them to work remotely today (September 15) so they could lay off employees privately and respectfully. Khan also stated that WWE has a talented and creative workforce.
“As part of WWE’s transition into the newly formed TKO Group Holdings, we are evaluating our existing operations and systems to identify potential synergies across the business. This effort includes workforce reductions, which will take place tomorrow.
Those whose roles have been impacted will be notified by our Human Resources Team, who will share the details of their severance package. We are asking that everyone work remotely, Friday September 15th, so we can insure all conversations are handled privately and respectfully. We’ll send out a company-wide email once all of tomorrow’s conversations have happened.
Our company is home to the most talented, creative, and hard-working employees in the world. WWE is a special place, which makes moments like this difficult. Just know that we have nothing but gratitude and admiration for everyone we have had the privilege to work alongside.
Thank you for all your contributions and dedication.”
Employees not directly involved with talent or production studios have a higher chance of being fired.
Stay tuned with The Spotlight for more news.