On that WWE investors call, both Vince McMahon and Chief Revenue Officer Nick Khan were only too happy to mention the ways that returning to live shows with crowds has boosted the company’s coffers. Whether it’s more merchandise, more tickets, or more eyeballs on their PPVs (which doesn’t really affect the bottom line too much, as their deal with Peacock is locked in) both McMahon and Khan painted just about as rosy a picture as you could imagine. Khan was also boastful of the new sponsorships WWE has signed this year, which we know are worth more than just soda money. So why is this company hiding behind budget cuts to justify layoffs when its financial situation looks this good? WWE would hardly be the first multibillion-dollar company to maximize profits over concern for the little guy, but this seems excessively cruel.
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