- WWE issued a press release this morning announcing the 10% reduction of its workforce across all areas of its global operations. The lay offs will give the company an annual savings of around $8 million while they will also incur an approximate $3 million one-time restructuring charge in the first quarter of 2009. The goal is to reduce all costs by $20 million this year while increasing earnings and margins. "These efficiencies will help position the Company for the long term, by placing it in a stronger, more flexible position," said Linda McMahon, WWE CEO. "With these actions, we believe we can execute our key strategic initiatives, including our digital strategy and international expansion, in a more profitable manner."