"I had a blast at Y&R and I'm taking all those awesome memories with me," Rylan told followers on Twitter. "I am so excited to see what will come next! Love you all!"
"No one ever imagined that [Marcy's] job would be in danger," a show source told Soap Opera Digest, adding that Rylan's character is part of Y&R's two core families.
Rylan joined The Young and the Restless in March 2010 as an "aged" recast of Abby. Prior to joining Y&R, the actress appeared for three years on Guiding Light as Lizzie Spaulding. In each of her three years of eligibility, Rylan was pre-nominated by her peers in Guiding Light's in-house Outstanding Supporting Actress Daytime Emmy vote.
The Young and the Restless does not comment on contracts.