WWE Furloughs Employees, Releases Multiple Stars in Coronavirus Cost Saving Measure

Published on Apr 15, 2020

WWE Furloughs Employees, Releases Multiple Stars in Coronavirus Cost Saving Measure

WWE is the latest company to announce that it is furloughing a portion of its workforce in response to the economic downturn caused by the ongoing coronavirus pandemic.

In addition to the furloughs, the sports entertainment company announced Wednesday that it would be reducing compensation for executives and board members, deferring plans to build a new headquarters for at least six months, and releasing multiple onscreen performers and backstage producers. Those released include WWE Hall of Famer Kurt Angle, Curt Hawkins, Luke Gallows, and EC3. Backstage producers Shane Helms, Lance Storm, and Fit Finlay were also among those released by the company,

Read full article at: Variety - TV News

Author: Joe Otterson