Hulk Hogan Has Contract Terminated By WWE
Reports in the US claim the move has been prompted by the contents of an audio recording of Hogan that has surfaced.
An official reason for the decision has not been given, but in a statement the company said: "WWE terminated its contract with Terry Bollea (aka Hulk Hogan).
"WWE is committed to embracing and celebrating individuals from all backgrounds as demonstrated by the diversity of our employees, performers and fans worldwide."
Earlier Hogan posted a cryptic message on Twitter that read: "In the storm I release control, God and his Universe will sail me where he wants me to be, one love. HH."
Hogan's profile on the WWE website has been removed, with a message stating: "You are not authorised to access this page."
A search for his merchandise on the WWE's online shop no longer returns any results.
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