Sydney – World Wrestling Entertainment (WWE) has announced a 10 percent cut in staff globally – resulting in the downsizing of the Asia Pacific operations and the closure of the Sydney office. WWE was headquarted in Sydney for the region, that office is expected to close this week after staff were notified last Friday. President Asia Pacific Jonathan Sully is believed to be staying with company until February. The closure is a blow for the Sydney-based staff, after what has been described by as “APAC’s exemplary performance in 2008.” The company is expected to save around US$8 million as a result of the 10 percent cut in staffing. The layoffs will result in a one-time $3 million restructuring charge in the first quarter.
Ad – Before Content
Related Articles
- Studio 100 International Teams With Caligari Film To Produce CGI Comedy Dougie Dolittle
- Prime Video’s Innovative Twist: Embracing the Humble ‘Lauki’ to Reveal the Launch Date of Original Series Panchayat’s Much-awaited Season 3
- LiveU Demonstrates its Efficient IP-Video Workflows for Live News and Sports at Broadcast Asia 2024
- ACE Entertainment Films Brings Next Two Films in Miranda Green Mystery Franchise to 2024 Cannes Festival
- ABP News Leads as India’s Most Viewed Hindi News Live Stream with 35.20 Million Unique Viewers
- Autentic launches YouTube channel Autentic Documentary