Yes, if these reports are accurate, it sounds like WWE 2K20 suffers from Y2k style bug. It looks like this game will not work out well if it gets to 2020. Some people call this bug Y2K20. On top of- WWE Games taken down, Players tell stories of how their game will stop working after midnight when parts of the US begin a new entry year Someone even released a short video showing the current state of the game in the new year.
2K Games looks like they know about that issue. They wrote in an email this morning that they are currently investigating the issues which includes WWE 2K20 that players report.
There seems to be a current operation for players who want to do some battles by 2020. Mike, also known as "TheShiningDown", who runs WWE Supercard Subreddit, tweeted out how to detect Y2K20 bug. All you have to do is set your console date back to day one and reset your game.
That should, according to him again some others have tried, fix the problem. After doing this, according to Mike, you should be able to set your date back to normal and play online without crashing.
2019 was not a good year for WWE 2K20. The game has been inspired by many critics and fans started sharing videos of how bad parts of the game look on social media. 2020 seems to be going well, so far, because 2K20.