It has been reported that WWE Hall of Famer Ricky Steamboat has been let go from the company due to budget cuts. Steamboat had worked as a coach in NXT and apparently was working at the WWE offices in Talent Relations under Triple H recently.

Steamboat will be doing several conventions and non-WWE interview DVD's in the coming months, which is usually a sign that you're no longer under contract to the company. Steamboat was doing promotional work for WWE in Malaysia this past May.