Bill Hader Announces Saturday Night Live Departure: 'It Has To Happen At Some Point'

R.I.P. Stefon.

Bill Hader has tendered his resignation at Saturday Night Live, with this weekend's season finale serving as his swan song.

"It was a hard decision, but it has to happen at some point," Hader told The New York Times. "It got to a point where I said, 'Maybe it's just time to go.'"

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Hader joined SNL in 2005 and quickly became known for his spot-on celebrity impersonations of James Carville, Al Pacino, and Julian Assange. But it was an original creation — flamboyant "Weekend Update" city correspondent Stefon — that made him a household name.

News of Hader's departure comes as SNL faces the loss of several other key castmembers, including Late Night-bound Seth Meyers and chronic question Jason Sudeikis. There's buzz that Fred Armisen may be on his way out too.

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SNL EP Lorne Michaels tells the Times that Sudeikis and Armisen are in the process of "making their decisions," adding, "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."