Ninemsn's "Economic SmackDown"

You know you've made it big when Ninemsn Australia has featured an article on you.


McMAHON MSN

ninemsn.com.au has posted an article entitled "WWE cuts staff in Economic Smackdown', with some quotes from Linda McMahon (pictured above).

The article writes:

"...The company said it was slashing 10 per cent of its staff across all global operations to save an estimated $US8 million ($A11.22 million) annually."

"These efficiencies will help position the company for the long-term, by placing it in a stronger, more flexible position," said Linda McMahon, chief executive at WWE.

The company said it would take an estimated $US3 million ($A4.21 million) restructuring charge in the first quarter of 2009, part of efforts to cut its cost base by $US20 million ($A28.04 million) in 2009..."

To read the full article, Click here.