Austin/WWE Hall of Fame Update, Possible Reason for WWE Cuts

– Perhaps the main reason World Wrestling Entertainment laid off a number of employees this month is because Vince McMahon himself believes the economy is going to take a turn for the worst this year, mainly due to his negative reaction to Barack Obama winning the United States presidential election. McMahon has been telling people he expects unemployment to hit 10% by the end of the year. While the economic woes haven’t greatly impacted his company thus far, the cuts were made in preparation for what he expects to happen.

– Tickets to this year’s WWE Hall of Fame induction ceremony at the Toyota Center in Houston, Texas have not sold out despite last week’s announcement of “Stone Cold” Steve Austin as the top inductee. In comparison, last year’s event featuring Ric Flair almost immediately sold out a curtained off arena. WWE also sold out the 2004 event — the year it was brought back — as well as the 2006 event featuring the induction of Bret Hart.

NEW SPOILERS ON TRIPLE H, UNDERTAKER AND A RAW TAG TEAM!

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