The Steelers waived Williams on Monday, Teresa Varley of the team's official site reports.
Williams was cut to make room for veteran wideout Marquez Valdes-Scantling on the 53-man roster. Across eight regular-season appearances with the Steelers this year, Williams had compiled 425 yards as a kick returner and 112 yards fielding punts. He'll be a candidate to resurface on the team's practice squad.