Bill Hader is leaving "Saturday Night Live" ("SNL") after eight years, effective almost immediately.
The 34-year-old's final performance will be on the NBC sketch comedy show's 38th season finale this Saturday, May 18, the New York Times reported on Tuesday.
"It was a hard decision, but it has to happen at some point," Hader told the newspaper. "It got to a point where I said, 'Maybe it's just time to go.'"
Hader, a native of Tulsa, Oklahoma, joined "SNL" in 2005 and became known for his original character Stefon, a correspondent for the "SNL" mock news segment "Weekend Update," as well as for his impressions of celebrities such as political commentator James Carville and actors Al Pacino and Charlie Sheen.
Hader has in recent years also nabbed roles in hit comedy movies, such as "Knocked Up," "Superbad" and "Men In Black 3." He has also appeared on the FOX sitcom "The Mindy Project." Hader is also an Emmy winner, although he did not win one for acting -- he received one for co-producing the animated series "South Park" in 2009. He was nominated for an Emmy in 2012 for his work with "SNL."
Hader was the first male "SNL" cast member to receive an Emmy nomination for his performances on the show since Will Ferrell earned a nod in 2001 and is also the first to get a nod in the supporting acting category since Eddie Murphy was given one in 1983.
Who else is leaving "SNL"?
News of Hader's departure comes days after it was announced Seth Meyers, head writer of "SNL" and host of its "Weekend Update" segment, would take over the NBC late-night talk show "Late Night" when host and fellow "SNL" alum Jimmy Fallon replaces Jay Leno on "The Tonight Show" in 2014. The New York Times reported that Meyers will leave the sketch comedy series the same year.
Other "SNL" cast members may be on the way out as well. Executive producer Lorne Michaels, who is also the producer of "Late Night" and of the new "Tonight Show" with Fallon, told the New York Times that he thinks veteran cast members Jason Sudeikis, who was last year rumored to be leaving, and Fred Armisen are "making their decisions." Both actors have also appeared in movies and on other shows.
"I've said what I wanted to say to both. You never keep anybody there who doesn't want to be there, and there is a right time to leave, but it's more about where they are in their lives," he added.