The influx of media revenue is offsetting trouble in other areas of its business. Live event sales have taken a hit due to lower attendance and consumer products revenue has tumbled amid slower video game sales.
WWE's job cuts come during a time of relative strength in the jobs market.
While Amgen and other big companies like Microsoft(MSFT, Tech30) have recently cut jobs, the U.S. added 1.4 million jobs during the first half of 2014. That's the best first-half performance since 2006.
Economists polled by CNNMoney believe the employers added another 230,000 jobs during July, signaling continued improvement in the labor market.