WWE laid off more corporate employees today, according to multiple people at the company.
This follows layoffs of more than 100 employees in September just after the closing of the TKO merger.
Areas affected today included finance, the sales and partnerships team, human relations, and production.
Several people at the Senior Vice President level were let go, including:
- Michael Weitz (SVP, Financial Planning)
- Craig Stimmel (Head of Global Sales and Partnerships)
- Karen Mullane (Controller and Chief Accounting Officer)
- Stewart Frey (SVP, Streaming Technology)
- Matt Geyer (SVP, Gaming)
McKenzie Mitchell, who worked as an on-air interviewer on television, also confirmed on social media she was released.
If you listened to a WWE earnings call any time in the 2010s, you probably heard Weitz on it as he served as head of investor relations for many years. His LinkedIn profile says he worked at WWE since 2006.
Stimmel, hired in 2022 and previously with Snapchat, was quoted in published articles earlier this year for stories about growth in WWE’s sponsorship business.
This was a second round of layoffs related to the merger with UFC, which coincides with Endeavor taking over many services for WWE.
Executives previously stated TKO anticipates $50 million to $100 million in annual cost savings because of the merger.
Photo credit: CT Insider
Brandon Thurston has written about wrestling business since 2015. He operates and owns Wrestlenomics.