Terrible cut, there are hundreds that should be cut before him. Not as bad as the LHW cut when Bader, Davis and Anderson left, i.e. the best LHWs right now now that Glover proved how ridiculously overrated Jan was.
From the UFC’s perspective, I suppose he was costing too much and they didn’t see a big enough fan base. What contradicts this is that he headlined 5 cards in a row. His last couple of fights have not been great but he’s not even on the old “3 losses and you’re out” loss streak, so it really boggles the mind why they decided to release him. He’ll probably end up making a lot more money elsewhere; good enough to be the champ in other orgs, especially if there is no PED testing so he can improve his gas tank, but not good enough to hang with the upper echelon in the UFC.