April 15 was a sad day for WWE as Vince McMahon announced that the company would be releasing talents, and quite a few names were cut including Kurt Angle, Zack Ryder, Rusev, EC3 and many more.
It will be interesting to see where some of the talents go from here, as the coronavirus pandemic has had a huge impact on the professional wrestling industry.
Brandon Thurston of Wrestlenomics is reporting that the talent cuts weren’t simply a matter of keeping WWE profitable, but a matter of maintaining pre COVID-19 profit projections.
Dave Meltzer of the Wrestling Observer echoed that sentiment noting that WWE has $500 million in cash reserves and the company was still expected to have a profitable year without it.
Stay tuned for more updates regarding WWE releases.
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