According to wrestling journalist Dave Metzler of the Wrestling Observer Newsletter, WWE exec John Laurinaitis told Bray — who was planning to return to WWE matches this month — that budget cuts were the reason the company was letting him go.
Bray, born Windham Rotunda, is the son of wrestler Mike Rotunda and the grandson of wrestler Blackjack Mulligan. He first got into the ring for WWE in 2009 after signing a developmental contract with the company, according to Sports Illustrated. He wrestled under the name Husky Harris initially, but in 2013, he took on the persona of Wyatt Family leader Bray Wyatt, spearheading a group that included Erick Rowan, Braun Strowman, and the late Luke Harper.
Source : https://www.distractify.com/p/why-did-wwe-release-bray-wyatt