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WWE Releases Superstars Including Kurt Angle And Rusev Due To Coronavirus Impact

The company has taken steps for "short-term cost reductions and cash flow improvement"

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WWE is reeling from the economic impact of the coronavirus pandemic. While they as holding their regularly scheduled shows from empty arena, the loss of live-event revenue has forced the company to make some changes. The company has taken steps for “short-term cost reductions and cash flow improvement”.

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This included cutting superstars from the roster. These cuts include WWE Hall of Fame member Kurt Angle and WWE superstar Rusev. In addition, WWE has also cut many producers to cut costs.

The list of personnels released on Wednesday include:

  1. Rusev
  2. Karl Anderson
  3. Luke Gallows
  4. Drake Maverick
  5. Eric Young
  6. EC3
  7. Lio Rush
  8. Zack Ryder
  9. Curt Hawkins
  10. Heath Slater
  11. Sarah Logan
  12. Erick Rowan
  13. No Way Jose
  14. Primo & Epico Colon
  15. Mike Kanellis
  16. Maria Kanellis
  17. Deonna Purrazzo
  18. Aleksander Jaksic
  19. Aiden English (announcer)
  20. Mike Chioda (referee)
  21. Kurt Angle (producer)
  22. Billy Kidman (producer)
  23. Mike Rotunda (producer)
  24. Dave “Fit” Finlay (producer)
  25. Pat Buck (producer)
  26. Shawn Daivari (producer)
  27. Scott Armstrong (producer)
  28. Sarah Stock (producer)
  29. Shane Helms (producer)
  30. Lance Storm (producer)

WWE Executive Vince McMahon mapped out the measures the company will undertake in response to the coronavirus pandemic during a call with WWE employees. Moreover, WWE also released a corporate press release, focusing on four primary actions:

  • Reducing executive and board member compensation
  • Decreasing operating expenses
  • Cutting talent expenses, third party staffing and consulting
  • Deferring spend on the build out of the company’s new headquarters for at least six months

The press release stated WWE “also identified headcount reductions and made the decision to furlough a portion of its workforce effective immediately. The decision to furlough versus permanently reduce headcount reflects the fact that the Company currently believes the furlough will be temporary in nature.”

ALSO READ: WWE Releases Four Superstars Including The Former NXT Tag Team Champions

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