When Triple H "fired" Cody Rhodes after Rhodes lost to Randy Orton last Monday on RAW, many members of the WWE Universe (myself included) were devastated when one of WWE's most popular mid-carders appeared to have been "future endeavored." Or so we thought.
However in reality, Rhodes was never "future endeavored" to begin with. He's just simply taking a sabbatical as he gets ready to tie the knot with former WWE Diva Eden Stiles in the coming days.
With that being said, let's dissect the differences between fired for real and "fired" kayfabe-wise. Real life WWE firings (AKA being future endeavored) are usually announced on WWE's website as well as various wrestling websites such as Lords of Pain and PW Torch. The WWE talent who usually get released tend to be lesser-used wrestlers and Divas ( Mickie James, Shelton Benjamin, and Maria in 2010, Melina and Maryse in 2011, and Kelly Kelly and Beth Phoenix last year were a few of the well-known examples of real life WWE firings).
On the other side of the spectrum, storyline "firings" that are announced on WWE TV are usually not real life departures. These type of "firings" are usually used for wrestlers who are either taking time off, moving to a new brand (that is usually no longer the case now that WWE Brand Extension being discontinued), or getting a new gimmick.
In Rhodes' case, don't expect his "firing" to last for very long. Expect Rhodes to make his return to WWE TV perhaps as soon as the day after the Hell in a Cell pay-per-view as he will in all likelihood, team up with Daniel Bryan and the other high-profile babyfaces in the fight against the Corporation, Part 2 (led by Triple H and Randy Orton) which will likely culminate in a Survivor Series match.
Don't fret, WWE Universe because Rhodes will be back stronger than ever.