World News
Karl Anderson, Lio Rush, others cut from WWE amid Coronavirus
WWE announced the release of Superstars Karl Anderson, Luke Gallows, EC3, Lio Rush, Drake Maverick, Heath Slater, Eric Young, Curt Hawkins, Aiden English, Sarah Logan, Erick Rowan, Mike Kanellis, Maria Kanellis, Primo and Epico on Wednesday.
Also, WWE released Hall of Famer Kurt Angle, who had been serving as a backstage producer since losing his retirement match to Baron Corbin at WrestleMania 35 last year.
Longtime WWE referee Mike Chioda, who had been with the company since 1989, was released as well.
The cuts were announced after WWE released a statement earlier in the day regarding measures that would be taken to dial back spending during the coronavirus pandemic.
In the statement, WWE noted that it would cut talent expenses in addition to reducing compensation for executives and board members, decreasing operating expenses and delaying construction of a new company headquarters for six months.
WWE also stated that it would furlough some employees for an indefinite amount of time.
WWE said the cutbacks would create “an estimated monthly savings of $4 million along with cash flow improvement of $140 million primarily from the deferral in spending on the company’s new headquarters.”
According to WrestlingInc.com’s Raj Giri, on a conference call with employees Wednesday, WWE Chairman Vince McMahon said some employees would be furloughed and some would be released outright. He also told them they would be informed of their fate via text message
World News
Kanye West reportedly planning to launch porn studio
World News
Additions to the selection of the 77th Festival de Cannes
|
|
|
|
|
|
World News
Eminem celebrates 16 years of sobriety
World News
Coachella 2024: DJ Snake (Hip Hop Set) and TroyBoi Play Surprise Sets at Do LaB Stage
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
World News
DaBaby says he went from getting $300K for a feature to $150K after recent controversy
American rapper, DaBaby has revealed that he now gets half of what he used to get paid for a feature verse after a recent controversy.
World News
Napoléon by Abel Gance (1st period) opening Cannes Classics at the 77th Festival de Cannes
A legend known to cinephiles the world over, a major work of the silent era, one of the most monumental restorations in the history of filmmaking will be unveiled on May 14 as a world premiere: Napoléon by Abel Gance (1st period), in a version resulting from a colossal, passionate effort by the Cinémathèque française, with the support of the CNC.
|
|
|
- Buzz6 days ago
My wife sent her nudes to her Dubai lover while I was on my sick bed – Erico speaks on divorce
- Buzz5 days ago
Afronita’s mum was against me managing Endurance Grand alongside her daughter – Quables
- Buzz6 days ago
Stonebwoy performs ‘Activate’ with Davido at sold-out Madison Square Garden show
- People & Lifestyle3 days ago
REPORT: Dulcie Boateng’s Porials Pitch leads to arrests over ‘unregistered products’
- Buzz6 days ago
Ghana’s New Train from Poland Crashes During Test Run
- Buzz7 days ago
Family of accident victims refuses to press charges against Funny Face despite pressure
- Gossip4 days ago
WATCH: Irene Logan sings ‘At Last’ as she dances with her husband at their wedding reception
- Buzz1 week ago
I was battling Kidney Disease – Erico on Absence from music scene
- Buzz6 days ago
“Life has humbled me so much” – Mercy Johnson
- Gossip3 days ago
Gospel singer KODA passes on, after reportedly battling a kidney disease
- People & Lifestyle6 days ago
Eva Newlove heeds her regal call to become Awo Yaa Manubea I, the new Mawerehemaa of Kyekyewere
- World News6 days ago
Ashanti & Nelly Are Engaged, Expecting First Child Together