He is. Bo Dallas is still employed with the WWE.
While some may find that un-Bo-lievable, according to Dave Meltzer, Dallas was spared because he likely didn’t complain about being unhappy. A lot of the talent who were released a few weeks back were chosen because they had expressed displeasure with the company or their place in it at some point.
Dallas hasn’t been seen on television since September when he won the 24/7 title from Drake Maverick on an episode of Smackdown. He lost the title back to Maverick minutes later. The other half of the B-Team, Curtis Axel, was released last week. This makes Dallas the last remaining member of the Social Outcasts to still be employed with the WWE.