REPORT: WWE puts a freeze on employee promotions and raises

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PWInsider is reporting that workers and staffers have been informed on Friday that the corporate is not going to be giving promotions or raises going ahead.

The corporate reportedly made these choices over the previous couple of weeks because of the earnings from the final quarter. What’s attention-grabbing is that WWE is making extra money than ever after Peacock secured the rights for WWE Community programming. The five-year deal is reportedly price $1 billion.

Staff are nonetheless reportedly in a position to get bonuses however there will probably be no promotions or raises for the foreseeable future. There isn’t any phrase how lengthy this rule will stay in place. The information was stated to have been delivered by Supervisors and managers of various departments.

WrestleVotes reported earlier that there was a whole lot of unhappiness backstage at SmackDown among the many expertise and the highway crew and a few have been stated to be indignant. It’s not clear if that is associated to the edict laid out earlier at the moment to the corporate workers.

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