WWE Cutting Expenses, Releasing Wrestlers Due to Coronavirus
It was a "Black Wednesday" for WWE Entertainment (NYSE: WWE). Yesterday the company announced a set of measures it is taking to weather the economic slowdown caused by the SARS-CoV-2 coronavirus.
The most attention-grabbing is the release of much in-ring talent, with a sizable group of the company's performers being let go by the company, effective immediately. Some of the better-known wrestlers getting cut were Kurt Angle, Miroslav Barnyashev (who performs under the name Rusev), Chad Allegra (Karl Anderson), and Andrew Hankinson (Luke Gallows).
Former WWE wrestler Miroslav Barnyashev (Rusev). Image source: WWE Entertainment.
Source Fool.com
