WWE Expected To Make 'Aggressive Cuts' Following Merger With UFC

WWE layoffs had already been hinted at after it was announced the company would be sold to Endeavor and now WWE CEO Nick Khan has revealed the organisation is expected to make "aggressive cuts" when WWE merges with UFC under a new parent company later this year.

Khan told LightShed Partners: 

"If you look at what Endeavor was able to take out, cost-wise, from UFC in 2016 or shortly after that deal was done, we have the same expectation here. We think 50 (million) is a really conservative number. We have integration teams now, we're going to get those in shape, I think we'll have a better sense of it in a month or two. We're going to be pretty aggressive with them to make sure that, for our shareholders and for our company, our organisation is as lean and mean as possible, and we're going to rely on the Endeavor flywheel to make up the rest."

WWE cuts are expected to affect office employees who work at Titan Towers. The layoffs won't affect WWE TV, with Khan adding: 

"The most important thing is to leave the product untouched. Untouched, meaning, if Triple H and Kevin Dunn want to evolve it, great, but in terms of cutbacks there, that’s not what we’re looking to do."

H/T to SE Scoops