WWE Employees “Very Scared” Following Takeover

Fear is being felt in WWE following the Endeavor takeover.

The WWE takeover by Endeavor is now complete with the sports entertainment giant being merged with UFC under the new umbrella company, TKO Group. The executives of all parties involved seemed to be in high spirits as TKO launched on the New York Stock Exchange but the reality of life in the company seems to be very different.

Speaking on Wrestling Observer Radio, Dave Meltzer noted that with the threat of job cuts looming as a result of the takeover, staff are fearful for their future:

“There are going to be people laid off in WWE and, you know, a lot of WWE employees are very scared and have every right to be… I know people who are really bracing in that company and it’s a very different environment. It is very much they are going to cut back on employees, on certain expenses. When it comes to talent, they are obviously going to keep the line on salaries about where they are while, of course, increasing revenue to a great degree.”

One WWE executive already on their way out

One day after the takeover was confirmed and TKO launched, Nick Khan told the company’s employees that Chief Financial Officer Frank Riddick III would be leaving his post at the end of the month.

However, as far as on-screen talent goes, it seems that TKO could be in a hiring mood with AEW star Jade Cargill apparently on her way to WWE.