In an update on Josh Mathews’ departure from the WWE, a report from Dave Meltzer of F4WOnline.com notes that Mathews was a victim of the company’s recent budget cuts and that the company is looking to make cuts in every department and he was a casualty of the cost-cutting.

As we mentioned last night on the website, Mathews was backstage at last night’s IMPACT Wrestling tapings in New York City.