On the March 26th edition of NXT, Ridge Holland announced that he would be stepping away from in ring competition indefinitely. Shortly after, he was moved to the alumni section of WWE's website.
NXT sources have confirmed to Corey Brennan of Fightful Select that this is part of Holland's current storyline and is not an official retirement. The story has been one that Holland has been motivated to do, with the former Brawling Brute being receptive to suggestions.
The storyline has had no pushback from a creative or talent standpoint despite fan backlash, and is expected to run its course as originally planned.