Some fans thought Freeza may have been eliminated thanks to the counter, but that doesn’t seem to be the case.
The Omni-Kings did not announce the character’s elimination from the tournament or remove him from their GodPad.
Nothing has been said about Freeza since he was smacked away by Jiren.
BUT WHERE THE HELL IS HE?
With Goku and Jiren fighting at full power, I think the two will knock each other out of the tournament. The tie would leave their universes’ fates in the air, but that dilemma could be settled by Freeza. If the villain was knocked out within bounds or chose to hide himself, Freeza could be event’s final fighter standing if Goku and Jiren go out at the same time.
We can only speculate about Freeza as nothing has been said about him concretely. There's a chance the villain was simply obliterated without Toei Animation making a fuss about it.