WWE employees upset after learning of no bonuses, raises or promotions
There was some hard feelings in WWE’s corporate offices last week as employees learned in a meeting that there are no impending promotions, raises or bonuses.
Fightful Select first reported the news with Dave Meltzer discussing it on Saturday’s Wrestling Observer Radio. Fightful also added the news didn’t apply to wrestlers or talent.
Meltzer said the reason was that WWE missed their stock price target and are attempting to rebuild it. The news comes despite the company announcing record-setting revenues even with the pandemic in addition to a new $1+ billion deal with NBCU for WWE Network to move to the Peacock streaming service in March.
Both Meltzer and Fightful said there was a lot of unhappiness following the meeting, especially with members of the production team.
As part of the recent Q4 call, WWE announced they are resuming operations on a new corporate facility, estimated to cost between $65 to $85 million. Rising costs for production on the ThunderDome were brought up several times on the call.
Since 2011, Josh has been a contributing editor to Wrestling Observer/F4WOnline.com and also hosts the Punch-Out podcast. He has also written for Fight Magazine, Bloody Elbow, Bleacher Report, and other websites. He's a 2000 graduate of the University of Maine, worked in pro sports, and once was an indie ring announcer.