WWE cuts 7% of work force on Thursday, WWE Magazine

Around 7% of WWE’s work force (estimated at 55 people) were let go by the company today. Vince McMahon notified WWE employees via email late this afternoon that the staff reduction process was over and those not notified were still employed. One of the areas cut was the WWE Magazine as it will produce a final issue for October that will be released on 9/16.

WWE stock ended the day at $12.48, up 3.23% overall.

Sources: PWInsider.com, The Wrestling Observer/Figure Four Online, Google Finance