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Home Daily News Report

WWE Informs Staff Of Potential Furlough End Date, Vince McMahon Conference Call Transcript

HBN Staff by HBN Staff
in Daily News Report
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WWE is hoping furloughed employees will only be gone from the company for a short period.

According to Wrestling Inc, they provided an information packet to affected employees indicating a back to work date is tentative for July 1.

This date is not concrete and is subject to change based on uncertainties amid the COVID-19 crisis.
The expectation is that the furlough period will last less than six months, but the company reserves the right to end or extend at their discretion.

The company plans to pay affected employees until April 18, and they will continue to receive health insurance benefits throughout the furlough period.

While those affected will not be receiving any paycheck from the company, they may be eligible for $600 weekly in unemployment benefits through the Federal Coronavirus Aid, Relief and Economic Security Act.

It should be noted that this only applies to employees in the company who were furloughed, and not in-ring talent who were released.

The company made cuts to various divisions, including a number of employees would not be known to the general public.

Affected employees include a number of backstage producers, including Fit Finlay, Lance Storm, Shawn Daivari, Billy Kidman, Kurt Angle, Mike Rotunda, Pat Buck, Sarah Stock, and Shane Helms.

Vince McMahon Employee Cuts Conference Call Transcript

Ahead of WWE making major cuts to its workforce, Vince McMahon hosted a brief company wide conference call.

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