No way is this the end of Adam. They just pissed him off, so he's just getting started. All of that redemption crap just went out the window. Genoa City residents (Victor, Sharon, Nick, Jack, Phyllis, etc.) ain't seen nothing yet
I've read that he's leaving on other boards too. Then other people say that he's got a contract for another year. I don't think anyone knows for sure anymore. Maybe he's being let go and they are keeping it quiet. You never know with Hollywood. It's fickle and silly time.