WWE told employees that salary increases and bonuses are not happening when they were expected soon. The company has now issued stock awards to employees.
Wrestlenomics’ Brandon Thurston reports that WWE employees have been given a stock award valued at $3,000. This is according to multiple sources within the company. It wasn’t noted how many employees are getting these stock awards, but they’re not going out to everyone.
WWE employees have been given a stock award valued at $3,000, according multiple sources in the company. Not every employee received the award but a large number. The stock units vest next month.
Employees learned on Friday that salary raises and promotions were put on hold.
The company received a considerable amount of backlash when they nixed bonuses and raises. The company made record profits in 2020, but they halted bonuses and raises to help boost the bottom line even more.
We will continue monitoring this story as more information is made known.