The network believed salaries in that range are no longer justifiable due to declining broadcast ratings, Puck News reports

Hoda Kotb, a fixture at NBC for more than two decades, says she will leave her morning perch on the “Today” show early next year, telling staffers “it’s time.” In a memo to her team — and later in an emotional on-air reveal Thursday — Kotb said her 60th birthday this summer helped trigger the departure: “I saw it all so clearly: my broadcast career has been beyond meaningful,

Hoda Kotb announced she is leaving the "Today" show early in 2025 after more than five years co-anchoring the morning program. Kotb announced the decision in a letter that was shared with colleagues, Today.com reported.

Kotb first joined NBC as a correspondent back in 1998. She became a co-anchor of the 10 a.m. hour alongside Kathie-Lee Gifford in 2008, with the show dubbed “Today with Kathie-Lee and Hoda.”

Hoda Kotb may have had no choice but to say goodbye to Today. According to an insider, the news anchor, 60, was allegedly asked to take a pay cut to her $20 million salary before making the decision to leave the morning show after 26 years.

Hoda Kotb sent shockwaves through Today show viewers after calling it quits following five years on air. While Kotb, 60, publicly cited family as the reason for her departure, a Puck report published Friday,

In the statement, Kotb revealed that leaving the show was something she'd been considering for some time, and reflected on her career before looking towards the future. "I've been