The following comes from WWE.com:

These releases come shortly after a WWE conference call, where Vince McMahon spoke about cutting talent to combat the current issues caused by the COID-19 pandemic. 

This is a developing situation, follow WNS on Twitter for the latest:

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See also:

- WWE Issues Business Update In Response To Coronavirus Impact

- Vince McMahon Working with U.S. President Donald Trump to Restart Sporting Events

- XFL Going Bankrupt Reportedly Hurt Reputation Of Vince McMahon

- WWE Releases Longtime Referee Mike Chioda

- Drake Maverick Posts Emotional Video After Release from WWE