WWE gives the pink slip to 10% of its office work force

[newswire]

- PWInsider.com broke the story today that several WWE office workers were given the pink slip as the tough economy started hitting the WWE headquarters in Stamford, CT. Reporter Mike Johnson added that more firings are expected to happen in the next few days. Employees from TV studios, WWE.COM and other officers were the casualties today. A source of the website said that the company took out 10% of its HQ workforce with today's releases. More on this story as it develops.

[WrestlingFour]

10%. That's a hell of a lot of employees.

[mr winkie]

hope this economy works it self out soon,

[symbolic X]

Even our richest men (including billionaires) are affected by this economy gone twisted. I hope WWE and Microsoft, to say the least, pulls this off! It can be a long struggle.

[WrestlingFour]

I like to think pretty soon there is no where to go but up.

[editor]

This is pretty bad. I don't remember a time where they fired so many employees at one go. Usually right after WrestleMania they start firing people left right and center but usually they remove wrestlers who haven't been on TV lately or haven't been used period. To get rid of so many office employees shows you that they're not in that good shape.

Pretty sad situation unfortunately.

[Johnny M]

I wonder if Stephany McMahon firing Chris Jericho is part of this mass firing and lay offs, or is it an angle so that Vince McMahon will hire him back next week when Vince returns.

Come to think of it, Stephany's voice and the way she says her words is similar to her mother Linda McMahon.

[WrestlingFour]

I believe it's part of the story line. Setting up for a nice McMahon return, or maybe SmackDown! will "sign" him.

[mr winkie]

getting rid of sgt slaughter & Ron Simmions? that is a shock. i wonder if they will get rid of any announcers?





damn!!!!!!!!!!!!!!!!!

[WrestlingFour]

It was a shock. They put in a lot of years, but I can understand this situation. They make occasional appearances on television. I don't know what their job is behind scene but it can't be that big. I wish I could have been different though.

[mr winkie]

yeah i have to agree with you on that. how much did they pay Simmons just to say damn?

[WrestlingFour]

More then they probably needed too.

[Johnny M]

I think that Ron Simmons had more to do than say Damm. It was nice to see him when he was in Richmond, VA., and he said Dammmmm for us on our cell phone.

[cowpiewi]

Things are tough all over. I don't expect any improvement in the economy until the fourth quarter of the year, at the earliest. Maybe it's time to flush that turd, "ECW". It's a business.
Vince and the family skipped part of the last dividend distribution, so they're sharing the pain. How many other corporate honchos have done that?