Stamford Daily Voice

Like Follow Contact Us
Stamford Daily Voice serves Stamford, CT

Nearby Towns

Norwalk
  • Norwalk
  • Rowayton
Fairfield
  • Fairfield
  • Southport
Westport
  • Weston
  • Westport

Stamford's WWE Looks To Trim 7% Of Staff To Increase Profits

WWE is planning to cut 7 percent of its workforce to increase profitability. Viewership of its online streaming service has struggled in recent months.
WWE is planning to cut 7 percent of its workforce to increase profitability. Viewership of its online streaming service has struggled in recent months. Photo Credit: Contributed

STAMFORD, Conn. – Stamford-based World Wrestling Entertainment Inc. is planning to cut 7 percent of its workforce to increase the company's profitability, reports The Hartford Courant .

The job reductions will affect about 53 of the 762 positions in the company's Stamford offices as of February, according to the report.

Viewership of its online streaming service has struggled in recent months, which WWE has said is important in replacing a decline in revenue from pay-per-view events, the Courant said.

To read the full story, click here .

Welcome to

Stamford Daily Voice!

This is a one time message inviting you to keep in touch

Get important news about your town as it happens.