Pro Wrestling Sheet was the first to reveal that Mick Foley is taking a break for the rest of the month of WWE programming. He's NOT been released, or suspended. 

A rep for WWE tells Pro Wrestling Sheet “Mick is taking time off to spend the holidays with his family and do his volunteer work as Santa. He has not been released or fired.”

 He was in a storyline with Sami Zayn, and is a main authority figure on the RAW brand. No mention was made of this either on WWE TV.

“He will return to Raw on Monday, January 2.”