WWE released several employees on April 15th. Over a hundred workers lost their jobs making it the biggest mass exodus in the company’s history.
Several longtime employees were left without a job and the company was subjected to a lot of criticism for taking his action during the pandemic.
Tony Khan spoke to Sports Illustrated, where he was asked about WWE releasing so many employees. He then said he is elated at how AEW managed to go through these hard times without making any widespread releases.
“I’m really pleased that we haven’t done that. We negotiated a great television contract that will keep us going, and that made it possible for us to hang on in a time when there wasn’t a revenue stream of ticket sales. Now the ticket sales revenue stream is very different. We were the No. 1 touring wrestling company per event, but that’s not a major revenue stream right now. The television revenue is such an important part of the business model.
Frankly, I wasn’t concerned about making the biggest profit in 2020. We could have slashed and made some good money, but it’s been a very challenging year. Every company can approach it the way they want, but as the president and CEO of this company, it was important for me to keep people working and getting paid.”
Sadie Gibbs and Bea Priestly were released as they were unable to travel to the United States.
