Vince McMahon has reportedly ordered more major cuts for WWE.
Apparently the cutbacks are working as WWE’s losses for this year won’t be nearly as large as they were expecting just a month ago. The latest number going around is into eight-figures.
There continues to be a lot of fear within WWE that there are major cuts coming besides the talent cuts and some production cuts that have already been done.
As noted, the cuts are a result of WWE’s new TV deal being announced and the increase in fees coming in much lower than WWE officials expected.
Source: Wrestling Observer Newsletter