(Photo Credit: Westfair)
The total number of WWE employees cut on Tuesday now totals 60 or more, according to Wrestlenomics.
The departures come down to WWE management feeling like there were a number of redundant positions across the three departments that are being merged. The merged departments are now to be led by WWE’s Executive Producer & Chief of Global Television Distribution Kevin Dunn, with help from President & Chief Revenue Officer Nick Khan. You can click here, here, here and here for our previous reports on the cuts, how WWE’s international offices were impacted, why the divisions were combined, comments from key players, and more.
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(Photo Credit: WWE)
WWE’s Executive Producer & Chief of Global Television Distribution Kevin Dunn is currently trending on social media due to a report on Billie Kay’s WWE release.
As we’ve noted, WWE made budget cuts on Thursday and released 10 wrestlers – Kay, Samoa Joe, Mickie James, Mojo Rawley, Chelsea Green, Tucker, Wesley Blake, Peyton Royce, Kalisto and Bo Dallas.
Regarding Kay, Fightful Select reports that Dunn didn’t “get” Kay and had verbalized that he saw a ceiling for her in WWE. How exactly that contributed to the release remains to be seen.
Kay’s release came as a surprise to many people in WWE as she was recently used on TV and was loved in the locker room, as was Peyton Royce, who also got cut.
Vince McMahon And Other WWE Executives Acquire Company Stock
(Photo Credit: WWE)
A new SEC filing by WWE shows that several executives purchased shares of Class A Common Stock back on Thursday, February 4.
The following transactions were made: WWE Chairman & CEO Vince McMahon acquired 19,875 shares. He now has 89,496 shares WWE President & Chief Revenue Officer Nick Khan acquired 15,310 shares. He now has 15,310 Class A Common Stock shares WWE Chief Brand Officer Stephanie McMahon acquired 5,644 shares. She now has 82,042 shares WWE Executive Vice President of Global Talent Strategy & Development Triple H acquired 5,644 shares. He now has 87,046 shares WWE Executive Vice President of Operations Bradley Blum acquired 4,770 shares. He now has 29,687 shares
Vince McMahon Acquires More WWE Stock );
WWE Chairman & CEO Vince McMahon was among WWE President & Chief Revenue Officer Nick Khan, WWE Chief Brand Officer Stephanie McMahon, WWE Executive Vice President of Global Talent Strategy & Development Triple H, and WWE Executive Producer & Chief of Global Television Distribution Kevin Dunn to buy more shares of Class A Common Stock on Thursday, February 4.
Here’s the breakdown: