Girls' Generation's contract with SM has expired (+ Many of the members already renewed their contracts)
Girls' Generation's contract with SM Entertainment has recently expired. However, it doesn't mean that the girl group will be disbanded or the members will leave SM. Many of them already renewed their contracts, and the rest of members are discussing with SM about the renewal of their contracts. They've been doing well with SM for the last 10 years, and there is a good chance that they will renew their contracts.