World Wrestling Entertainment layoffs, on the record
Every job cut, severance charge and restructuring World Wrestling Entertainment reported in its annual reports, 2020 to 2022, quoted from the filings.
Job cuts, severance and restructuring
Our summaryReduced the workforce due to COVID-19 and recorded severance expenses, booked as unallocated corporate general and administrative expenses.
Word for word“(1) Operating income includes $7.0 million of severance expenses associated with a reduction in our workforce as a result of COVID-19.” 10-K for 2020
Our summaryCombined WWE's television, digital and studios teams into one organization, with associated severance expenses recorded in 2021.
Word for word“(1) Other adjustments in 2021 include severance expenses primarily associated with the combination of WWE’s television, digital and studios teams into one organization.” 10-K for 2021
Our summaryRecorded $6.8 million of incremental severance expenses within general and administrative expenses, which drove a rise in staff-related costs in 2021.
Word for word“This increase was primarily driven by $9.5 million of additional staff-related costs, including the impact of $6.8 million of incremental severance expenses.” 10-K for 2021
Our summaryReduced the company's workforce as a result of COVID-19, with associated severance expenses recorded in 2020.
Word for word“Other adjustments in 2020 include severance expenses associated with a reduction in our workforce as a result of COVID-19.” 10-K for 2021
Our summaryIn 2022 the company recorded professional fees and severance expenses tied to the Special Committee investigation, which drove up general and administrative expenses.
Word for word“This increase was primarily driven by $21.7 million of professional fees and severance expenses associated with the investigation by the Special Committee of independent members of the Company’s Board of Directors.” 10-K for 2022
Our summaryIn 2021 the company recorded severance expenses, which partly offset the 2022 increase in general and administrative expenses, mainly from combining its television, digital and studios teams into one organization.
Word for word“These increases were partially offset by $8.1 million of severance expenses in 2021 primarily associated with the combination of WWE’s television, digital and studios teams into one organization.” 10-K for 2022
Our summaryThe company recorded severance expenses in 2020 for a workforce reduction caused by COVID-19.
Word for word“adjustments for the year ended December 31, 2020 include severance expenses associated with a reduction in our workforce as a result of COVID-19.” 10-K for 2022
World Wrestling Entertainment has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from World Wrestling Entertainment’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-02-02. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.