The WWE is set to have an earnings conference call on Thursday and the results of it could prove to lead to more releases within the company.
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Wrestlingheadlines.com reports that there are mass layoffs expected to happen in the WWE soon as the company prepares for its earnings conference call on Thursday where the organization is also expected to reveal the latest WWE Network subscription count -- which has been underwhelming.
The report indicates that up to 10 percent of the WWE's employees will lose their jobs as the company continues to make budget cuts in order to reverse its latest financial troubles.
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The organization may even reveal some releases that have yet to be reported in order to make Wall Street happy after their stock market hit a few months back.
The WWE has continued to slash costs and some personnel within the company have been released over the last couple of months.
Some of the notable releases for the WWE over the past few months include 10 WWE Superstars, a head RAW writer, a referee and announcer Josh Mathews..
The company has taken a lot of financial hits over the last few months, including company CEO and Chairman Vince McMahon losing a lot of money due to the WWE Network having lackluster subscription numbers, the WWE stock taking a hit and the company inking a subpar television deal with NBC Universal.
McMahon has made a lot of cuts recently including in catering, transportation and the ring crew among many other changes.
A lot of the lower-tier talents have been on alert since the WWE made a binge of releases earlier this summer while its said that NXT may start to get scaled back as well.
It is a bit of an uncertain time in the WWE and up to 10 percent of its employees could be let go after the conference call is made on Thursday
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