Bill Hader's 14 Greatest "SNL" Characters

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

His exit comes a year after Kristen Wiig, Andy Samberg, and (most of) Jason Sudeikis left the show, which really means the end of an era.