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WrestleMania 41 is just around the corner, but it seems like things are not going very well internally over at WWE.
According to various reports, employee morale has been low under the TKO ownership, and this unhappiness has been caused by a variety of factors.
Sportskeeda reports that money has been factor in the report overall low morale of employees as there have been limited pay raises ever since the merger took place. Per Cageside Seats, cost-of-living salary increases have just been around 3% annually.
Despite the insufficient pay raises, it has been reported that employees have been on the receiving end of increased workload, and frustration has been growing over the lack of compensation for the additional work.
There reportedly aren't enough people available to do the work either as many employees were laid off due to the merger.
WWE employees' low morale was first reported by Wrestlenomics, with the report being corroborated by PWInsider.
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Other Benefits Removed for WWE Employees
Reports also indicate that TKO management has removed the WWE Superstar program, which allows employees to reward one another in the form of points. These points can be used to redeem cash, gift cards, and more.
Employees, including top talent, are also no longer receiving complimentary tickets to company events. Instead, employees were given access to a VIP pre-sale password that they can use to purchase tickets.
However, all ticket purchases these days have to been approved by WWE President Nick Khan first, according to PWInsider.
The low morale among the employees is a sharp contrast to the highs WWE is currently expecting as far as numbers are concerned. The company is undergoing "its hottest period in consumer business perhaps since the vaunted 'Attitude Era' of the late 1990s and early 2000s," according to Wrestlenomics.
In fact, investors are told that they can expect an adjusted EBITDA between $1.22 billion and $1.24 billion for 2024.
In addition, investors were also told to that the annual revenue is projected between $2.67 billion and $2.75 billion.
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