Endeavor COO & President Hints WWE Layoffs Are On The Way

After a major week for WWE, the company has new owners after Vince McMahon agreed to sell the organisation he bought from his father in 1982 to Endeavor. WWE will merge with UFC later this year under a new parent company, with Endeavor holding a 51% controlling interest in that company. WWE shareholders will hold the other 49%.

The new parent company will be led by Endeavor CEO Ari Emanuel, while Vince McMahon will be Executive Chairman of the Board and Nick Khan will be President of WWE. Endeavor President and COO Mark Shapiro will also hold those roles in the new company.

Shapiro gave his thoughts on WWE's sale to Endeavor while speaking with Puck and he admitted using a corporate euphemism that layoffs within WWE could be on the way.

"Anything from H.R. to finance to legal to communications production to distribution and marketing. Across every area, you're going to find cost synergies; you're going to integrate and ultimately highlight and appoint the best and brightest teams," Shapiro said.

If layoffs will affect WWE talent is unknown, but they are likely to impact WWE office staff who work at the company's headquarters in Stamford, Connecticut.