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.