The decision comes in the wake of Baldwin aiming a homophobic slur at a photographer.
MSNBC and Matthew Hiltzik, a representative of Alec Baldwin, have released a statement: "We are jointly confirming that Up Late will not continue on MSNBC."
MSNBC has also released a statement that clarifying that it is a "mutual parting and we wish Alec all the best."
Maybe this is what he meant when he said he wasn't sure if his MSNBC show would ever come back.
Page Six originally reported that Baldwin had been fired.
Alec Baldwin has been fired by MSNBC, reports Page Six, citing "sources." His weekly show, Up Late With Alec Baldwin, was originally pulled off the air for two weeks following an incident in which Baldwin fired a homophobic slur at a photographer.
"The decision has been made. He's gone," an insider at the cable channel tells Page Six. "The (parent company) Comcast guys have decided. Word is spreading through the building."
However, Variety reports that Baldwin was not fired, but that the sides "mutually" agreed to end the show.
A source tells Page Six his "diva-like behavior toward co-workers" contributed to his removal. Baldwin's demands allegedly include a humidifier because he claimed the air at 30 Rock was too dry, and the actor alienated staffers when he demanded a separate makeup room that was being used by a woman with cancer who is sensitive to hairspray.
"I don't give a (expletive) if she has cancer or not, I want that (expletive) makeup room," he allegedly said.
Baldwin might be out of a job, but it could work out well for him. He did, after all, say he was thinking about quitting show business.