Bad Week for the Employees of Vince! Part 2
By Paul Anthony
Last week I did a blog on the XFL shutting down and everyone basically got fired. At this point it was clear Vince was never invested in that league as much as he was suppose to be but in this blog we are going to talk about the employees that he is truly invested in. Last week WWE laid off more than 30 people from the producers to on screen talent in order to cut cost and by that you would think that this outbreak is killing WWE. However that isn’t actually true, yes with the live events being canceled they aren’t bringing in as much money but they are like any other league and that they are still in great shape but there was reason for the cuts which we will talk about in a second.
It has been reported that WWE does have 500 million in the bank at this point to keep the company float if it ever faced some real hard times. I am guessing Vince learned this from the issues WWE faced in 90’s. So they have reserve money basically. Now Vince we all know some times can sign people and over pay them for example and Brock and Bill Goldberg contracts pay them several million dollars combine for their thirty second matches that they do for a few times a year instead of building stars and that would actually increase profits and would actually cut cost but not people that work hard for him and give up their home lives to make him money.
Now the amount of money they saved by cutting people that they did would have only used up a few percent of their reserve money for a few months and they could have easily refunded their bank account once everything returned to normal. Charts showed that even with this shutdown going, they would have still made a profit for the year yet was there something behind this more than what we are to believe? Most likely this was a move to please the investors who want keep making more and more money and Vince who wanted to please them and not touch the reserve and cater to their needs. Down right shame if you ask me that in these hard times, people who have money still want make more money.
There have been rumors that some of the people that they let go would return. Sadly everyone that was on screen still had a 90 days no complete clause in their contract. Which leaves WWE their only option for the next few months. In which WWE would bring them back. Now When things return to normal I have to wonder if wrestlers will truly want to wrestle for Vince after they saw how the hard working employees got treated through these tough times. I hope AEW continues but there also other promotions as well that will treat these wrestlers better than this. In the end of this two blogs about Vince I have to say even if you the money, you can’t trust him.