WWE made employee cuts last Friday due to the merger with UFC after Endeavor acquired WWE. The companies have now become one under TKO Holdings Group.
The cuts were expected as there were duplicate departments, and it was more cost-efficient to merge them.
Jamie Horowitz, who was the Executive Vice President of Development and Digital, was let go, which was surprising since he had only joined in June 2021 due to WWE President Nick Khan bringing him in. He was previously working at DAZN as the Executive Vice President of Global Content.
Dave Meltzer noted on Wrestling Observer Radio that Horowitz wasn’t well-liked in WWE and was a negative hire when he first joined.
WWE has recently made employee cuts following its merger with UFC. The merger, which was facilitated by Endeavor’s acquisition of WWE, has led to the companies becoming one under TKO Holdings Group. As a result, duplicate departments were identified, and it was deemed more cost-efficient to merge them.One of the notable cuts was Jamie Horowitz, who held the position of Executive Vice President of Development and Digital at WWE. Horowitz’s departure came as a surprise, considering he had only joined the company in June 2021. WWE President Nick Khan had brought him in, likely with the intention of utilizing his expertise. Prior to his stint at WWE, Horowitz served as the Executive Vice President of Global Content at DAZN. However, according to Dave Meltzer of Wrestling Observer Radio, Horowitz wasn’t well-liked within WWE and was considered a negative hire from the start. This insight sheds light on the internal dynamics of the company and provides some context for Horowitz’s departure. It’s worth noting that WWE’s decision to make employee cuts is a common occurrence during mergers and acquisitions. Streamlining operations and eliminating redundancies are essential steps in ensuring the long-term success and profitability of the newly formed entity. While these cuts may be difficult for the individuals affected, they are often necessary for the overall health of the organization. As the wrestling industry continues to evolve and adapt to changing market conditions, mergers and acquisitions are becoming more prevalent. Companies are looking for ways to expand their reach, increase their market share, and capitalize on new opportunities. Mergers, such as the one between WWE and UFC, bring together two powerful brands, combining their resources and expertise to create a stronger and more formidable entity. For more information on this topic, you can visit Wrestling Headlines, a leading source for WWE news, rumors, and spoilers. Wrestling Headlines provides comprehensive coverage of the wrestling industry, keeping fans informed and up to date with the latest developments. In conclusion, WWE’s recent employee cuts following its merger with UFC highlight the challenges and opportunities that arise from such transactions. While these cuts may be difficult for those affected, they are necessary for the long-term success of the newly formed entity. As the wrestling industry continues to evolve, mergers and acquisitions will play a significant role in shaping its future.