WWE release senior figure in bid to put end to financial haemorrhaging

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Details of Vince McMahon's latest round of WWE budget cuts are slowly beginning to emerge.

Wrestlezone reports that the latest big name figure to be relieved of employment is WWE's Senior Vice President of Creative, Eddie Feldmann - the man who had worked directly under Triple H in the WWE boardroom.

Creative Role

Feldmann, who has worked for the WWE for several years now, was one of the most high profile members of staff to be removed in the 55 employee cull embarked upon by Vince McMahon last week.

He had been answering to executive VP, Triple H, rather than McMahon himself since December 2013 when the WWE underwent a boardroom re-shuffle.

With the creative side of WWE coming in for some criticism recently due to certain story lines and it's use of certain wrestlers, and Triple H safe in his job due to obvious family connections, it looks like McMahon has used the economic troubles as an excuse to implement changes that will have a direct impact on the show.

Moreover, the fact that someone in a relatively senior position within the company can be relieved of his duties shows that no one can feel completely safe with Vince McMahon continuing to fight against financial difficulty.

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Financial situation

Since suffering huge personal and business losses back in May Vince McMahon has set about rectifying the situation with a number of budget cuts.

From releasing under-used WWE superstars to cutting back on crew provisions and hyping up the WWE Network the cuts have come thick and fast in recent months. And although the WWE is still expected to be in the red by year's end there are hopes that the company has recovered from the worst of it's financial woes.

That hasn't stopped some within the company complaining however, with certain wrestlers believed to be unhappy with stricter rules brought in regarding their royalty earnings.

Further changes coming

Feldmann's release comes with the WWE reportedly considering changes to their tried and tested show format.

The companies decision makers are believed to have ok'd the idea of dropping several pre-show and post-show segments as well as considering the possibility of combining Raw and Smackdown tapings.

What with this, and the Del Rio news, there is certainly never a dull day in the WWE.

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Vince McMahon

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