News

WWFE to Lay Off Staffers

11/09/2001 3:00 AM Eastern

The slumping economic climate claimed more jobs within the telecommunications
industry.

World Wrestling Federation Entertainment Inc. laid off about 40 staffers
Thursday as part of a company-reorganization effort, sources close to the
situation said.

The layoffs cut across all company divisions, including marketing and
operations, sources said. Representatives from WWFE would not comment on the
matter.

The layoffs came on the heels of the company's decision to pull its
pay-per-view programming from DirecTV Inc. after the two companies failed to
reach a distribution deal.

Want to read more stories like this?
Get our Free Newsletter Here!