WWE has lost a large sum of money recently. It is no secret that WWE stock plummeted and chairman Vicne McMahon lost a great deal of personal money over the last few months. The WWE’s failing WWE Network and a botched television deal has taken its toll on the company. Unfortunately for WWE talent, this means no one is safe.
WWE has made news by releasing a total sum of eleven superstars as of the writing of this article. TNA wrestling has made news in recent years by making major roster cuts at once. WWE has mostly avoided major talent cuts. Many of those cut came at no surprise to the masses. Other cuts were unexpected.
One of WWE’s main comedy acts has lost two out of its three members. 3MB (3 Man Band) lost Jinder Mahal and Drew McIntyre. The team was assembled by Heath Slater (who has not been released as of the writing of this article). The team was a comedy act that put the three floundering stars together for a time. McIntyre is perhaps the most shocking cut of the bunch. He was at one time called “The Chosen One” by WWE chairman Vince McMahon. One has to question why it was McIntyre who lost his job and not Slater.
Former tag team star, Curt Hawkins, was also cut along with the large group of superstars fired. Hawkins rose to fame as a follower of former WWE champion, Edge. The star had failed to recapture his former glory in recent years. He kept his sense of humor about the situation. He took to Twitter to comment, “My worst nightmare has come true… I now have to start paying for my own wrist tape again! S**t… Now, who wants me on their show this weekend? Email: CreateAProWrestling@Yahoo.com!” It would seem Curt knew his days with WWE were through.
It would appear no one is safe from the budget cuts. Not only WWE wrestlers have been cut, one particular name that made the list of those let go is referee Marc Harris. In most cases, WWE does not release multiple types of talent at once. This is an unusual circumstance. Another non-wrestler cut was longtime on-air personality, Theodore Long. Long has served many roles in his time with the company and is perhaps the most shocking of the names cut.
The WWE may not be done with the talent cuts. The company has lost a large sum of money and may be making many more cuts to the roster over the coming weeks. It is a smart move by the company to cut expendable talent but may not look good on the company’s public image. WWE’s stock may plummet a bit further when investors and stockholders see the talent cuts. Could WWE be shaking in their boots? The company has been through much in his vast history but this may be the biggest financial crisis yet.