WWE releases over 30 wrestlers including Rusev, Eric Young, and Kurt Angle

Other WWE employees are also let go as part of budget cuts stemming from the COVID-19 pandemic

In an effort to cut its expenses amid the ongoing COVID-19 pandemic, the World Wrestling Entertainment (WWE) has released a large number of its wrestlers, backstage producers, referees, and writers from their contracts.

According to ComicBook.com, at least 34 wrestlers lost their jobs. And those are Rusev, Kurt Angle, Drake Maverick, Karl Anderson, Luke Gallows, EC3, Curt Hawkins, Heath Slater, Eric Young, Lio Rush, Aiden English, Sarah Logan, Erick Rowan, Primo, Epico, Mike Kanellis, Maria Kanellis, Zack Ryder, No Way Jose, Deonna Purrazzo, Aleksandar Jaksic, MJ Jenkins, Dan Matha, Alyssa Marino, Taynara Conti, Nick Comoroto, Cezar Bononi, Tino Sabbatelli, Kassius Ohno, Mohamed Fahim, Marcos Gomes, Faisal Kurdi, Hussain Aldagal, and Yifeng (Rocky).

Some of them took to Twitter to confirm the end of their journey with WWE. While a number of them are hopeful that they would be able to rejoin the company after everything goes back to normal, others appear to have accepted their fate and are ready to move on.

Meanwhile, the backstage producers, referees, and writers that have either been released or furloughed are Kurt Angle, Shane Helms, Lance Storm, Billy Kidman, Mike Rotunda, Dave (Fit) Finlay, Pat Buck, Sarah Stock, Shawn Daivari, Scott Armstrong, Mike Chioda, and Andrea Listenberger. Also included in the list are performance center trainers Chris Guy, Serena Deeb, and Kendo Kashin; announcers Jerry Soto and Jon Quasto; and interviewer Josiah Williamson.

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WWE said in a press release that the firings and furloughs would result in an estimated monthly savings of $4 million. “Given the uncertainty of the situation, the company identified headcount reductions and made the decision to furlough a portion of its workforce effective immediately. The decision to furlough versus permanently reduce headcount reflects the fact that the company currently believes the furlough will be temporary in nature,” added WWE in the statement.

In addition to cutting its talent expenses, third party staffing and consulting, WWE has also implemented other short-term cost reductions and cash flow improvement actions. These include the reduction of executive and board member compensation, cutting operating expenses, and deferral in spending on the company’s new headquarters for at least six months, which are all expected to result in a cash flow improvement of $140 million.

Source: ComicBook.com