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Post by Error on May 25, 2021 13:06:42 GMT -5
WHY WWE MADE SO MANY CUTS TODAY By Mike Johnson on 2021-05-25 12:56:00 As noted earlier today on PWInsider, WWE unleashed another round of firings and layoffs today with the WWE Network, production and digital sides all seeing heavy departures.
PWInsider.com has been told by multiple sources that a number of the divisions will be folded together and will now be overseen directly by Executive Vice President, Television Production Kevin Dunn. That is expected to be announced to staffers later today.
One of the reasons for so many departures is that over the last year, the company has determined there were too many redundancies across multiple departments in those areas. One example cited to PWInsider.com is that there were two graphics departments, one for WWE TV production and one for digital and that they can easily be merged into one division, meaning the company could get that work done with a smaller group of staffers.
We are also told that the departures are also ripple effect of the company running under the pandemic, seeing that they can get by with far less across the board in terms of numbers. One source noted that over the company history, they have shown they can "cut to the bone" if needed and still get things done and this is just the latest example of that.
As you can imagine, there are a lot of shellshocked employees, both those who exited today and those who remain, knowing they will have more responsibilities to deal with daily. The Advanced Media Group was all but destroyed today, which has left a lot of people who worked to build that division heartbroken, as you can imagine.
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MiLB Fan
Fry's dog Seymour
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Post by MiLB Fan on May 25, 2021 13:35:31 GMT -5
Camera cuts ahoy!
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Legion
Fry's dog Seymour
Amy Pond's #1 fan
Hail Hydra!
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Post by Legion on May 25, 2021 13:40:58 GMT -5
WHY WWE MADE SO MANY CUTS TODAY By Mike Johnson on 2021-05-25 12:56:00 As noted earlier today on PWInsider, WWE unleashed another round of firings and layoffs today with the WWE Network, production and digital sides all seeing heavy departures. PWInsider.com has been told by multiple sources that a number of the divisions will be folded together and will now be overseen directly by Executive Vice President, Television Production Kevin Dunn. That is expected to be announced to staffers later today. One of the reasons for so many departures is that over the last year, the company has determined there were too many redundancies across multiple departments in those areas. One example cited to PWInsider.com is that there were two graphics departments, one for WWE TV production and one for digital and that they can easily be merged into one division, meaning the company could get that work done with a smaller group of staffers. We are also told that the departures are also ripple effect of the company running under the pandemic, seeing that they can get by with far less across the board in terms of numbers. One source noted that over the company history, they have shown they can "cut to the bone" if needed and still get things done and this is just the latest example of that. As you can imagine, there are a lot of shellshocked employees, both those who exited today and those who remain, knowing they will have more responsibilities to deal with daily. The Advanced Media Group was all but destroyed today, which has left a lot of people who worked to build that division heartbroken, as you can imagine. Makes sense. Sucks to be someone laid off, but if there were departments that can be combined, and the pandemic exposed that, I cant really blame WWE, or any business, for cleaning house if they can get the same things done by half the people. I assume the Peacock merger would also mean a lot of people previously doing things for the Network now wont be needed as Peacock people will do things for them.
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Post by Feargus McReddit on May 25, 2021 13:41:00 GMT -5
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Post by Von Wagner's Brownies on May 25, 2021 13:48:13 GMT -5
PWInsider.com has been told by multiple sources that a number of the divisions will be folded together and will now be overseen directly by Executive Vice President, Television Production Kevin Dunn. That is expected to be announced to staffers later today.
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Post by Final Countdown Jones on May 25, 2021 13:51:58 GMT -5
"We are also told that the departures are also ripple effect of the company running under the pandemic, seeing that they can get by with far less across the board in terms of numbers." is just code for "We're going to make the people we keep work even harder for no extra money and when they burn out we'll just chuck them in the bin".
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Post by The Summer of Muskrat XVII on May 25, 2021 14:01:54 GMT -5
WHY WWE MADE SO MANY CUTS TODAY By Mike Johnson on 2021-05-25 12:56:00 As noted earlier today on PWInsider, WWE unleashed another round of firings and layoffs today with the WWE Network, production and digital sides all seeing heavy departures. PWInsider.com has been told by multiple sources that a number of the divisions will be folded together and will now be overseen directly by Executive Vice President, Television Production Kevin Dunn. That is expected to be announced to staffers later today. One of the reasons for so many departures is that over the last year, the company has determined there were too many redundancies across multiple departments in those areas. One example cited to PWInsider.com is that there were two graphics departments, one for WWE TV production and one for digital and that they can easily be merged into one division, meaning the company could get that work done with a smaller group of staffers. We are also told that the departures are also ripple effect of the company running under the pandemic, seeing that they can get by with far less across the board in terms of numbers. One source noted that over the company history, they have shown they can "cut to the bone" if needed and still get things done and this is just the latest example of that. As you can imagine, there are a lot of shellshocked employees, both those who exited today and those who remain, knowing they will have more responsibilities to deal with daily. The Advanced Media Group was all but destroyed today, which has left a lot of people who worked to build that division heartbroken, as you can imagine. Makes sense. Sucks to be someone laid off, but if there were departments that can be combined, and the pandemic exposed that, I cant really blame WWE, or any business, for cleaning house if they can get the same things done by half the people. I assume the Peacock merger would also mean a lot of people previously doing things for the Network now wont be needed as Peacock people will do things for them. Yeah, I have a feeling this is a Nick Khan move. Streamline the company, eliminate inefficiencies. Vince has never seemed like the dude who really stays on top of shit like that, so not surprising the backstage and corporate side of things had grown unwieldy.
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Deleted
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Post by Deleted on May 25, 2021 14:06:20 GMT -5
This... doesn't sound like a company making record amounts. Honestly, yes it does. Companies will post record profits while also trimming out vast amounts of jobs, because cutting people out and reducing the operating costs of paying people for jobs helps keep those record profits coming in. It happens across all industries and even in situations where there aren't record profits, but not necessarily any financial struggle to be worked around. WWE is trying to crank its numbers up even higher through streamlining and major cuts so they can squeeze even more mileage out of the huge deals they've inked and all the big money they have coming in, making everything look even more impressive, because short term destruction for as high a gain as you can get is what the system is structured to reward. And that's never hurt any company ever! ... Just ignore how all of Activision's games seem to be going to shit right now because they've fired everybody and so everyone left has to desperately scramble to fix their assorted f***-ups.
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Post by YAKMAN is ICHIBAN on May 25, 2021 14:13:47 GMT -5
Must have brought in these guys
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Legion
Fry's dog Seymour
Amy Pond's #1 fan
Hail Hydra!
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Post by Legion on May 25, 2021 14:29:41 GMT -5
Makes sense. Sucks to be someone laid off, but if there were departments that can be combined, and the pandemic exposed that, I cant really blame WWE, or any business, for cleaning house if they can get the same things done by half the people. I assume the Peacock merger would also mean a lot of people previously doing things for the Network now wont be needed as Peacock people will do things for them. Yeah, I have a feeling this is a Nick Khan move. Streamline the company, eliminate inefficiencies. Vince has never seemed like the dude who really stays on top of shit like that, so not surprising the backstage and corporate side of things had grown unwieldy. Wouldnt surprise me. As others are saying though, it will be interesting to see what that means for the work being done by others and if this was a real situation of two people for one job, or if it will just be expected that one person do two people's job's going forward. Sadly, as these aren't people we generally hear from, we're unlikely to know other than to see if there are any specific production declines.
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Post by edgestar on May 25, 2021 14:53:40 GMT -5
SAVE ADAM PEARCE!!!!
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Post by The Summer of Muskrat XVII on May 25, 2021 15:52:48 GMT -5
Yeah, I have a feeling this is a Nick Khan move. Streamline the company, eliminate inefficiencies. Vince has never seemed like the dude who really stays on top of shit like that, so not surprising the backstage and corporate side of things had grown unwieldy. Wouldnt surprise me. As others are saying though, it will be interesting to see what that means for the work being done by others and if this was a real situation of two people for one job, or if it will just be expected that one person do two people's job's going forward. Sadly, as these aren't people we generally hear from, we're unlikely to know other than to see if there are any specific production declines. I imagine it’ll be a little of both, some people probably will see extra work but there likely a lot of very real overlap as well. If I were a betting man, if you had 10 people doing the work of 7 they probably cut back to 6 just as an example.
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Post by An Dog On An Skateboard on May 25, 2021 16:07:41 GMT -5
PWInsider.com has been told by multiple sources that a number of the divisions will be folded together and will now be overseen directly by Executive Vice President, Television Production Kevin Dunn. That is expected to be announced to staffers later today.
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Post by The Rick Jericho on May 25, 2021 16:32:08 GMT -5
MORE FN CAMERA CUTS!!!!!!!!!!!!!!!!!!!!1
F***
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Post by A Platypus Rave is Correct on May 25, 2021 16:40:30 GMT -5
This... doesn't sound like a company making record amounts. Honestly, yes it does. Companies will post record profits while also trimming out vast amounts of jobs, because cutting people out and reducing the operating costs of paying people for jobs helps keep those record profits coming in. It happens across all industries and even in situations where there aren't record profits, but not necessarily any financial struggle to be worked around. WWE is trying to crank its numbers up even higher through streamlining and major cuts so they can squeeze even more mileage out of the huge deals they've inked and all the big money they have coming in, making everything look even more impressive, because short term destruction for as high a gain as you can get is what the system is structured to reward. Especially public traded ones... if there are record profits one year shareholders want record profits all years...
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Killah Ray
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Post by Killah Ray on May 25, 2021 18:23:01 GMT -5
I...don't think they'd lie to shareholders like that without, like, a massive stock sell that would hit the bottom line worse. If anything, this is usual for companies that make a lot of profit because they want to keep making money and make as much as possible. really hope they are lying to them, that's the one thing America sends guys like Vince to prison for and im all for that happening All of that hate and vitriol over a tv show? The f***?
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Post by An Dog On An Skateboard on May 25, 2021 18:45:07 GMT -5
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Post by kingoftheindies on May 25, 2021 19:51:38 GMT -5
Reading between the lines of all the articles.
Sucks for the people losing their job but it's more of a consolidation of (for lack of a better word) unnecessary positions/changing of vision.
Does seem more and more like Khan is making more and more changes. Not gonna necessarily say good changes... good business wise for sure, but the days of WWE doing things to screw with other companies may be coming to an end
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Post by Final Countdown Jones on May 25, 2021 23:10:35 GMT -5
really hope they are lying to them, that's the one thing America sends guys like Vince to prison for and im all for that happening All of that hate and vitriol over a tv show? The f***? Yes. There exist human beings who are actually so mad at Raw every week that they want Vince to be in jail and want the company to be in trouble. All because of who's getting pushed. That's the reason and there cannot be anything Vince himself has done that might make people dislike him or his company on a moral level. It's all just about the TV show because all that some people have in their lives is pro wrestling, and there is no bigger picture to reality.
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Post by Banjo Is Broken on May 26, 2021 1:52:30 GMT -5
I hope they don't fire the NXT makeup girl.
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