WWE announced the following today:
“WWE announced the release of Alberto Del Rio due to unprofessional conduct and an altercation with an employee.”
Seems like WWE was just waiting for a reason.
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Source: F4WOnline
WWE has released longtime employee Mark Yeaton, who has been WWE’s ringside timekeeper and bell ringer for decades.
Yeaton was one of the people released due to ongoing cuts this week.
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Source: Wrestling Observer Newsletter
WWE’s Senior Vice President of Creative Eddie Feldmann was let go this past week due to the ongoing budget cuts. Other people from WWE creative were also reportedly released last week due to the cuts.
Due to WWE cutting 7% of their staff last week, they will face additional losses of $5.4 million in the third quarter due to severance packages and other costs that come with the termination of employees.
We noted before that WWE has talked about bringing back combined RAW and SmackDown tapings. Another idea discussed as a way to cut live event costs is to run less expensive arenas.
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