TKO recently introduced a new severance policy for WWE employees and now WWE employees are fearing potential layoffs after the new policy.
According to Fightful Select, the reaction to the changes in TKOs severance plan was one of absolute disgust. Many employees who have been with the company for less than five years were especially frustrated. Some staff members speculated that TKO might be preparing for possible layoffs, but this was only speculation and not based on confirmed information.
As reported earlier, WWE has ended its previous severance package, which gave employees one month of severance pay for every year they worked. From now on, the company will follow TKO Groups policy, offering only two weeks of severance pay per year of employment. There are also pay limits based on an employees management level, though the exact numbers havent been shared.
The decision comes at a time when both WWE and UFC are going through major structural changes under the TKO umbrella. While cost-cutting is a common part of corporate restructuring, many employees are now worried that the new severance policy could be a sign of more job cuts on the horizon.
As WWE continues to change under TKOs leadership, employee morale has obviously taken a big hit. So well have to wait and see if there will be more changes happening this year.
Do you think TKOs new severance policy is a warning sign of looming layoffs, or just part of standard corporate restructuring? Sound off in the comments.
