On February 1, 2024, just 18 days after celebrating his 76th birthday, Weathers passed away. According to a statement released by his family (as reported by Deadline), Weathers "died peacefully in his sleep." The statement further read, "Carl was an exceptional human being who lived an extraordinary life. Through his contributions to film, television, the arts and sports, he has left an indelible mark and is recognized worldwide and across generations."

There was an outpouring of tributes from Weathers' friends and collaborators when news of his passing broke on February 2. "My life was forever changed for the better the day I met Carl Weathers," said his "Rocky" costar Sylvester Stallone in a post on Instagram. "He was magic, and I was so fortunate to be part of his life," he said in the video. Adam Sandler paid tribute to his "Happy Gilmore" costar on X (formerly Twitter), writing, "A true great man. Great dad. Great actor. Great athlete. So much fun to be around always." In a statement, "The Mandalorian" creator Jon Favreau called him "a hero from my childhood who I was lucky enough to meet and then had the amazing good fortune to work with." His "Mandalorian" costar, Pedro Pascal, posted a photo of Weathers on Instagram and wrote simply, "Words fail." Fellow "The Mandalorian" star Giancarlo Esposito also expressed his grief on Instagram, posting a photo of him and Weathers on set and calling him "one of the most wonderful human beings I have had the honor and pleasure of spending time with."