Referring to a previous blog....

I found something that relates to one of my earlier posts and it has to do with the releasing of the staff and superstars at WWE.
In my blog Wrestling Releases, I said "....Also, there has been alot of talent releasing lately. I know it's cost cutting and because, creatively, the team can't come up with anything for the guys and gals but there has just been too many releases, in my mind. I don't know."

Well, I found an article that might help there.

An article at Ninemsn, talks about how WWE has also been affected by the current world financial situation.

"The company said it was slashing 10 per cent of its staff across all global operations to save an estimated $US8 million ($A11.22 million) annually."

This scares me. How many others are going to be affected by this. There have been long time employees released recently and this may have something to do with it.

"The company said it would take an estimated $US3 million ($A4.21 million) restructuring charge in the first quarter of 2009, part of efforts to cut its cost base by $US20 million ($A28.04 million) in 2009."

I can't believe this is happening. I thought that this would be safe. I don't know what to say atm. It's another thing that caught my attention today. I couldn't believe it when I read it. I just couldn't.

Reference:
Economic Crisis- WWE cuts staff in economic smackdown