Bayer confirmed her departure later on Saturday with a post on Instagram that showed lyrics written by "Weekend Update" anchor Colin Jost to the tune of Billy Joel's "Always a Woman."
"Thank you SNL for 7 years of laughs, love and incredible memories," Bayer captioned the pic. "It has been a dream come true. And thanks for this goodbye sketch at the table, Colin."
Bayer joined the SNL cast as a featured player in 2010 before being promoted to repertory status two years later. She is the longest-serving current female cast member. Some of Bayer's most popular characters have included Rachel Green from Friends, Jacob the Bar Mitzvah Boy on "Weekend Update," Miley Cyrus and child actress Laura Parsons.
Moynihan, meanwhile, is best known for playing New Jersey Governor Chris Christie, Food Network star Guy Fieri and Drunk Uncle on "Weekend Update."
Saturday Night Live airs on NBC on Saturdays at 11:30 p.m. ET.
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