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
WWE Star Busted Open At SmackDown, What Happened After Tapings, Seth Rollins, Bella Contests
Details On WWE's New Partnership With ESPN, Seth Rollins Appears With Coach On SportsCenter
The Rock Tweets With Wrestling Stars, The Bella Twins On WWE Main Event, Booker T's ROW Video
Backstage Talk On John Cena Possibly Filming A New Project During His Time Away From WWE
Becky Lynch On WWE Divas Main Eventing Pay-Per-Views, Her Passion For Pro Wrestling, More
** SPOILERS ** WWE SmackDown Results For This Week
Rumor On A WWE Diva Filming A Movie, Tyler Breeze Wins WWE Dark Match, Sasha Banks - Xavier Woods
Major WWE - ESPN Announcement Coming Soon?, WrestleMania 32
WWE Monday Night RAW Results - Seth Rollins Vs. Kane, John Cena Defends, Paige, More
WWE Interested In Bringing Alberto Del Rio Back
Reason For John Cena Taking Time Away From WWE Revealed?
Backstage Update On John Cena Taking Time Away From WWE, What He's Saying