WWE has been going through some major changes over the last year or so and earlier this month it was announced that Endeavor will acquire WWE which will lead to WWE merging with UFC to form one publicly traded company.
While speaking with Lightshed Live, WWE CEO Nick Khan opened up about the merger and he noted that WWE is expected to make aggressive cuts once the merger takes place.
“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 organization is as lean and mean as possible, and we’re going to rely on the Endeavor flywheel to make up the rest.”
Even though it seems that aggressive cuts could be coming for WWE employees, Nick Khan indicated that the cuts won’t affect people who are working on WWE’s television shows.
“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.”
Stay tuned for more updates as they become available.
H/T SEScoops.com
