Legendary anchor Katie Couric took a massive pay cut in order to save jobs at 'CBS Evening News' it has been revealed.

The journalist reportedly took a $1 million pay cut in order to ensure that a series of layoffs never happened.

In his book 'Powerhouse: The Untold Story of Hollywood’s Creative Artists Agency', Agent Alan Berger writes that in Couric's third year at the show budget cuts loomed and were set to cause significant layoffs.

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Katie Couric (pictured) took a $1 million pay cut in order to prevent layoffs during her time at 'CBS Evening News' it has been revealed

Roles from senior producers down to young associate producers were set to be cut, Page Six reported.

Couric knew these roles were crucial to the show's success and met with Sean McManus, CBS News president at the time.

'Katie decided to take matters into her own hands,' Berger writes.

'(She) voluntarily, and quietly, agreed to cut her CBS salary by over $1 million, creating a savings to preserve the jobs of her associates on the broadcast.'

Couric made the agreement to cut her salary on two conditions.

First, the money had to go directly to her staff so they would not lose their jobs.

Second, she wanted everything done quietly.

Couric made the agreement to cut her salary on two conditions: that she got to keep her team and that she not be publicly or privately acknowledged for her gesture

Couric said she wanted no public or private acknowledgement of her gesture, according to Berger.

Couric was the anchor of CBS Evening News from 2006 to 2011.