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

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.

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,