WWE Employees were informed via a memo this afternoon that a new severance policy has been installed going forward, effective immediately.
Going forward, the old WWE severance policy of employees receiving a month for every year they worked for the company is no more.
The company will now honor a TKO policy of two weeks worth of severance pay for every year an employee worked for the company.
We are also told there are additional caps on the policy based on management level but have not heard particulars on that.
Needless to say (and quite understandably), this was a major blow to company morale among employees, especially since so many are now tasked with responsibilities among WWE, UFC and PBR, as opposed to just one WWE as they had been prior to Vince McMahon selling the company.
