Here’s What Vince McMahon Said In A Call Just Before Mass Releases

3 years ago by Andy Datson

Here’s What Vince McMahon Said In A Call Just Before Mass Releases

It was reported on Wednesday (April 16) morning that at midday, Vince McMahon would be holding a call with WWE staff to address certain changes that would be taking place within the company.

As we saw very soon afterwards, these changes were drastic and heartbreaking for a lot of people.

Fightful Select (subscribe here) has had access to the call, and has transcribed exactly what Vince said in the interview.

“Thank you all for joining me today. First and foremost, I hope that you and your families are safe. What we’re going through today is unprecedented, and there’s no doubt these are challenging times for everyone. Given the adverse effects of the Coronavirus and the resulting financial recession, WWE, like so many companies have to decrease operating expenses. Effective immediately, we are reducing executive and board member compensation, decreasing talent expenses, cutting third party staffing and consulting, and improving our cash flow by delaying the production of our new headquarters for at least six months.

“Despite all these measures, given the uncertainty we are facing today, unfortunately we have to temporarily reduce head count. As such, a number of WWE employees will be furloughed from the company today. At the close of my remarks, employees will receive a communication detailing their individual situations. More specifically, those impacted by the furloughs will receive a text message from Human Resources with specific information for their next steps.

“These are not easy decisions, but reflect the reality of the environment we’re working in today. We live in a world of troubled times. I’m confident as a company, and most importantly, confident in you as individual employees, will pull through these tough times and come back to work and make life better than it’s ever been. Thank you.”

There have been varying reports about how people were informed they were surplus to requirements, but the general thought is that we have not seen the last of the releases, so stay tuned.

Comments

Share this article with friends

Trending