WWE: Vince McMahon fires key man as exodus continues

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Vince McMahon made some big changes to the WWE landscape last week when he released no less than 11 wrestlers from the company.

Reports today however suggest that McMahon made one further dismissal that previously went un noticed.

PWTorch revealed Tuesday that WWE's head writer Jay Gibson was seemingly been relieved of his duties as far back as last Friday - just 24 hours after the likes of Brodus Clay and Teddy Long saw their own WWE careers come to an end.

Gibson's exit, after a number of years with the organization, is another sign that the WWE hierarchy are actively looking to reduce their payroll after what has been a turbulent time economically for the wrestling business.

The WWE stock plummeted in May after investors reacted badly to the organization's television deal with Universal, whilst it has been reported that the CEO himself lost saw his personal wealth take a significant hit.

McMahon lost over $350 million in one day after shares in WWE dropped by a staggering 40% mid-May.

As head writer, Gibson's role was obviously a crucial one, with writers charged with developing entertaining and long-lasting storylines that can ensure the organization maintains its position as the premier wrestling outfit. As the man at the top of the pile Gibson was inevitably involved with all of the top stars currently working in the organization. 

According to Sports World News, Gibson was heavily involved in the cutaway segments showing WWE's superstars away from the ring that have proved popular in recent times. Without his creative input in this and other areas it will be interesting to see how the WWE progress.

Eagle-eyed fans may have noticed themselves some alterations during Monday night's airing of RAW. The episode (filmed in Cleveland) was the first for a long time not to have involved Gibson.

It remains to be seen whether McMahon will continue to wield the axe in the coming weeks but if recent events are anything to go by then it certainly looks like the WWE CEO is prepared to take decisive action as the organization looks to ride the choppy financial waters. 

Vince McMahon

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