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WWE has today confirmed the release of several Superstars in an effort to release their staff headcount in response to the coronavirus pandemic
Erick Rowan, Mike Kanellis, Primo Colon and Epico Colon have been released by WWE.
They join the list of names to sadly depart the company, which so far includes Sarah Logan, Kurt Angle, Luke Gallows, Karl Anderson, Drake Maverick, EC3, Lio Rush, Eric Young, Heath Slater, Aiden English and Mike Chioda.
Get the full list of WWE Events affected by the COVID-19 pandemic
Why are WWE releasing so many talents?
The releases come following a conference call today in which Vince McMahon made staff aware that the company would be reducing its headcount in response to the coronavirus pandemic. This will result in an estimated monthly savings of $4 million, along with cash flow improvement of $140 million - primarily from the deferral in spending on the company’s new headquarters.
WWE will report its first-quarter 2020 results next Thursday - April 23 - after the close of the market and have stated that more details will be released then.
We will keep you updated with any more names released from WWE as and when they happen.
