A big shake is going down at 'The View'.

Word is that both Sherri Shepherd and Jenny McCarthy have been pink-slipped as hosts of the ABC daytime talk show.

Insiders say that the show's Executive Producer Bill Geddie is likely to be pushed out as well.

"'The View' will be moving in an exciting new direction next season and ABC has made decisions to evolve the show creatively," ABC said in a statement.

"It's been seven wonderful years on 'The View' and after careful consideration it is time for me to move on. I am extremely grateful to Barbara Walters and Bill Geddie for giving me the opportunity. I look forward to the business opportunities that lay ahead for me and I am incredibly grateful to my View family and my fans for supporting me on this journey," Shepherd said in a statement.

Jenny McCarthy tweeted late last night, "If Sherri goes... I go too. #sisters" and "My View will be changing too. As will with many hard working folks. Thanks to everyone at the show for your dedication and an amazing year."

McCarthy made it sound like she left on her own accord, she did not.

Whoopi Goldberg will remain on the panel.

TMZ reports that potential replacements include Ross Matthews and Jesse Palmer.

Stay tuned....