Things are tough all over

The WWE has announced that it is reducing its staff by 10% across the board

STAMFORD, CT– January 9, 2009 – World Wrestling Entertainment® today announced a 10% reduction of its staff across all areas of its global operations. This reduction will result in annual savings of approximately $8 Million in compensation and benefit costs. Additionally, the Company will incur an approximate $3 Million one-time restructuring charge in the first quarter of 2009.