According to a recent report from Brandon Thurston of Wrestlenomics, WWE has given stock awards which are valued at $3,000 each to their employees. The report also states that not every employee received the stock award, but a large number of people did and that the units of stock will vest next month.
As previously reported, employees and staff in different departments were told by WWE management that promotions and raises will not be given to them moving forward and this has made them really furious. While there was no word on how long this latest edict will last, the belief was that the decision was made over the last few weeks out of financial judgement, which started from the Q4 and Full Year 2020 earnings report that was released on February 4th.
There is no word yet on if the stock award the WWE gave to their employees is related to the edict on promotions and raises, but updates will be provided once it has been made available.
You can check out Brandon Thurston's tweet below:
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.
— Brandon Thurston (@BrandonThurston) February 18, 2021