Source: Wrestling Observer NewsletterVince McMahon has reportedly ordered more major cuts for WWE.
Apparently the cutbacks are working as WWE's losses for this year won't be nearly as large as they were expecting just a month ago. The latest number going around is into eight-figures.
There continues to be a lot of fear within WWE that there are major cuts coming besides the talent cuts and some production cuts that have already been done.
As noted, the cuts are a result of WWE's new TV deal being announced and the increase in fees coming in much lower than WWE officials expected.
Subscribe to The Wrestling Observer by clicking here. Each issue has coverage and analysis of all the major news, plus history pieces. New subscribers can also receive free classic issues.
Got a news tip or correction? Send it to us by clicking here.
Short URL: http://goo.gl/mwD0ub
John Cena Pulled From Next Week's Episode Of Raw
TNA Knockout Reveals She's Pregnant, New TNA Web Shows, Chris Melendez Talks Match With Eric Young
Brock Lesnar Was Originally Pitched To Be Booked As A Gay Hero?
Rey Mysterio Talks Constantly Losing During World Heavyweight Championship Reign In WWE
John Cena Undergoes Surgery, Why Match Was Nixed On WWE SmackDown
Hulk Hogan's Lawyer Tells Judge 'His Career Is Done,' Gawker Trial Date Set, New Claims From Linda
Big Show Talks John Cena Naked, DDP Joins Big Stars In New Movie, Hulk Hogan - Gawker Trial Moved
John Cena Injury Update From Last Night's RAW
** SPOILERS ** WWE SmackDown Results For This Week
Sting Not Appearing At WWE SummerSlam After All?, Speculation Among WWE Talents Backstage
Scott Steiner Gives His Thoughts On Hulk Hogan Controversy And Racism
JTG Talks How Black Wrestlers Are Portrayed In WWE, How Cryme Tyme Gimmick Happened