– WWE’s major staff layoff continued today as a number of department heads were let go this morning. According to multiple sources, just about every supervisor and boss working at Titan Towers in Stamford, Connecticut was let go. As a result, one employee went as far as to refer to this week’s staff purge as “The Titan Tower Massacre.” In what can be deemed as humiliating, WWE had security guards escort the fired employees off the company’s Stamford property. Additional talent releases are expected to be made later today, so stayed tuned.
– World Wrestling Entertainment issued a press release confirming the ten percent reduction of its staff across all areas of the company. “These efficiencies will help position the Company for the long term, by placing it in a stronger, more flexible position,” said Linda McMahon. “With these actions, we believe we can execute our key strategic initiatives, including our digital strategy and international expansion, in a more profitable manner.”