The broadcaster, 69, who is reportedly paid a whopping £300K a year, was said to be left furious but managed to negotiate a new part time contract with bosses.
ITV bosses - after telling staff of an impending bloodbath of cuts - called on just one of those present for an individual meeting. That person, of course, was Lorraine Kelly.
Sixteen-years have passed since ITV brought the curtain down on GMTV, the breakfast-time staple watched by millions of Brits as they tucked into their cornflakes.
ITV bosses have made it clear which of their programmes they rate the highest. And insiders say they noticed Lorraine Kelly's absence but are 'besotted' with Susanna Reid's proffessionalism.
It comes after the EastEnders star, 52, blanked Lorraine Kelly in an awkward chat about their former housemate Mickey Rourke, 72, on her show earlier this week.