WWE has been experiencing a period of record growth and posting unprecedented profits but the benefits of this boom do not seem to be far-reaching within the organization. A new report from Wrestlenomics has chronicled multiple issues that have led to a decline in employee morale behind the scenes since the WWE-UFC merger in September 2023.
A big reason for this merger was to consolidate services under the branding of Endeavor, which resulted in significant layoffs in multiple departments at the time. Since then, the workload for the remaining employees has increased significantly with some people saying that they\'re working 50 to 60 hours per week, particularly during the WrestleMania season. In addition to the responsibility in their WWE role, many have also been assigned additional UFC-related tasks.
The compensation for employees has not kept up with the increased workload, however, with multiple staff members saying that they\'ve received a meagre 3% cost-of-living raise this year. Many with strong performance reviews, have been told they would not be receiving comparable raises due to budget constraints set by upper management.
The same constraints do not seem to apply to the top brass, however. In addition to bonuses received by top executives at the time of the merger, the nearly 50% increase in Endeavor Group Holdings shares since the time has helped people in administrative positions amass more wealth. The TKO Group Holdings CEO Ari Emanuel has reached billionaire status for the first time thanks to this significant increase in share values this month. This is in stark contrast to the cost-of-living raises given to employees which many argue hardly keeps pace with the rising living costs around the areas of WWE Headquarters in Connecticut and New York
In addition to the limited increase in pay, reducing employee perks has also led to staff members increasingly feeling undervalued, while the management continues to emphasize the value of its workforce in town hall meetings. Some significant perks that have been discontinued include the removal of the peer-recognition initiative called \'WWE Superstar\', as well as the elimination of complimentary live event tickets for employees.
This decline is in addition to frustration within the talent side, specifically among the female roster members. It\'s been reported recently that female talents have been frustrated with their WrestleMania build and a recent WWE departure has left many feeling insecure about their position. You can check out more about it here.
