Endeavor will be looking to merge certain operations when their merge with WWE is approved and President and COO Mark Shapiro has targeted as much as $100 million in savings.
That means that layoffs will be coming from both WWE and UFC’s side once this deal is done and dusted although for now, everything remains the same.
Shapiro said that when Endeavor took over the UFC, they saved $70 million in costs a year after it acquired it.
“Anything from H.R. to finance to legal to communications production to distribution and marketing,” Shapiro said of layoffs. “Across every area, you’re going to find cost synergies; you’re going to integrate and ultimately highlight and appoint the best and brightest teams.”
In an e-mail sent to all WWE employees by Vince McMahon, he noted that the transaction is expected to conclude later this year.
“In the meantime, it is business as usual here, and this news has no immediate impact on your day-to-day roles or responsibilities,” McMahon wrote.
In the same e-mail it was noted that Paul Levesque will continue in his role as WWE’s Chief Content Officer.
