Report: WWE Cuts Independent ‘TV Extras’ Payrates

According to sources, WWE is reportedly making a budget cut move that will affect independent wrestlers.

WWE has reduced the standard day of pay to independent workers who appear as extras for television from $200 to $100. WWE often selects several local independent performers to be extras on the various TV shows as backstage extras, Rosebuds and other roles. If they are used in a match or a more physically demanding role, the pay is usually more. Word is that pay grade may also be reduced.

This reports follows the stories from earlier this week, claiming that WWE was looking to make more budget cuts before revealing tomorrow’s Q2 earnings report. After the reveal of the WWE Network subscriber numbers (667,000) and the reality that WWE would not be meeting financial projections, there were reports that the company was looking to cut upwards of $20 million from their budget.

ORIGINAL: WWE is expected to announce mass layoffs tomorrow or Friday after they report their earnings for the second quarter, along with the WWE Network subscriber numbers. The number going around is that ten percent of the WWE staff will be let go. This could be due to the performance of the WWE Network.

Usually when a company reports lower than expected numbers they announce layoffs to prevent Wall Street from selling off the stock.

There are many people who work in the office that are extremely worried.

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