With the recent release of Ricardo Rodriguez, it appears as though the performers of WWE are “dropping like flies”. Unfortunately, the corporate side won’t be faring much better in the near future.
According to both the Wall Street Journal and CNN Money, WWE is set to cut 7% of its workforce. Writing for the Wall Street Journal, Steven Perlberg states:
“World Wrestling Entertainment Inc…said Thursday that it will slash 7% of its workforce after costs of ramping up its online-subscription service WWE Network helped put it into the red in the second quarter…WWE reported a net loss of $14.5 million, compared with a net profit of $5.2 million a year earlier.”
For both the company and the workers…but mostly the workers…we got one word for ya’: OUCH!