Dave Meltzer has more on Ranallo's departure from the WWE:
Unlike in the past, this departure was not on any negative terms. Ranallo has missed the last few NXT broadcasts due to going back to British Columbia where his mother has been hospitalized. He was looking for a less stressful schedule even though WWE did accommodate him as best they could as he had been doing the shows from a home studio in Santa Monica, California, where he lives, as opposed to flying into Orlando each week since the start of the pandemic.
Ranallo's departure comes at the same time WWE has been in talks with Stu Bennett (Wade Barrett) to come to the company full-time. Bennett started last week as a third announcer in working with Vic Joseph and Beth Phoenix on the NXT show.
Ranallo will continue to work for Showtime doing boxing and with Bellator doing MMA, but at 50, had achieved his childhood dream of announcing for WWE and was looking at devoting more time to mental health advocacy, doing voiceover work and other television and/or digital projects.