Following Monday’s news that Endeavor have purchased a majority stake in World Wrestling Entertainment, Endeavor COO Mark Shapiro has been speaking on the immediate futures for the various departments at WWE.
Speaking to Puck, Shapiro alluded to the fact layoffs are expected as the departments of Endeavor and WWE merge:
“Anything from H.R. to finance to legal to communications production to distribution and marketing,” Shapiro said. “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.”
The news of layoffs following a merger isn’t unexpected, but it will no doubt impact morale within the company. It’s also widely reported that Endeavor followed a similar process of cutting across various departments in UFC shortly after the takeover was completed.