Vince McMahon Meeting With WWE Talent: Talent Cuts Coming, Furloughs

Vince McMahon held a call with this afternoon to address WWE employees. This is breaking, but here are some quick highlights:

* Up to 40% of employees will be furloughed. Vince said that he hopes to have them back when the situation is resolved, but there is no timeline. Furloughed employees will receive a text message from WWE HR immediately.

* Permanent talent cuts will be coming, and there could be announcements today.

* Construction of WWE Headquarters in Stamford, CT has been delayed six months.

* Third party consulting contracts have been cancelled as well.

Source: Wrestling Inc.

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