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WWE News: UFC Heavyweight Champion Cain Velasquez released from his WWE contract amid COVID 19 crisis

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Cain Velasquez is the latest wrestling star to join the long list of in-ring talent released due to the budget cuts during the ongoing Coronavirus shutdown, The Wrestling Observer reported.

The former UFC Heavyweight Champion has been released from his WWE contract. Earlier this month, The wrestling company released around 20 employees at one go, amid the COVID-19 outbreak.

Wrestlers like Zack Ryder, Curt Hawkins, Rusev, Kurt Angle and Drake Maverick were fired as a measure to help compensate for the financial losses due to the pandemic.

After debuting in the company in October 2019, the 37-year-old wrestler only featured in two matches for WWE, and only one of them was televised.

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