In a new Twitter post, Dave Meltzer revealed how much WWE will be saving due yesterday’s massive talent cut.
According to Meltzer, WWE will save around $703,000 a month. He also mentioned that WWE’s plan of saving $4 million includes other expenses, like delaying their move, about 6 months, into their new headquarters in Stamford.
On the Wrestling Observer Radio Meltzer said that WWE was stockpiling talent to keep them away from AEW, but currently AEW will probably not hire many people. Most likely that is why WWE felt comfortable enough to release a lot of their talent.
WWE, like any other publicly traded company was looking to make cuts to show profits for it’s investors.
He noted on Wrestling Observer Radio that the company had been stockpiling talent due to AEW, but now it is unlikely that AEW will hire very many people. This likely led to WWE being comfortable releasing a bunch of talent as they did. WWE was looking to make cuts to keep profits high for this year.
The talent cuts will save them about $703,000 per month, $4 million includes all expenses cut including expenses of moving into a new office. https://t.co/5AD9Eie1mc
— Dave Meltzer (@davemeltzerWON) April 16, 2020
Huge fan of pro-wrestling for over 25 years. Lived through the Monday night wars (WWE/WCW) and the ECW revolution. Currently a big fan of Lucha Underground, NXT, MLW, PWG, and even Impact Wrestling…