WWE News: Here's what Vince McMahon has to say about the recent firings amidst the coronavirus pandemic
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pinkvilla.comIn some deeply upsetting news that shook the wrestling world, WWE released more than 30 employees at one-go, to help compensate for the financial losses due to the coronavirus pandemic.
In a statement by WWE, the firings were said to be made because, "The Company's reductions of employee compensation and headcount result in an estimated monthly savings of USD 4 million along with cash flow improvement of USD 140 million primarily from the deferral in spending on the Company's new headquarters." Finally, Vince McMahon is breaking his silence on the WWE releases and why it was a necessary move to safeguard his wrestling company. "Our first quarter financial performance was strong and largely unimpacted by the COVID-19 outbreak.
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