Matt Lauer and his wife Annette Roque are reportedly “preparing for divorce” following the former “Today” show anchor’s firing over sexual misconduct allegations.

“He [Lauer] is truly devastated and wants to make up for anything he has done to hurt people,” a source told People magazine Monday about the former NBC anchor. “But the damage in his marriage can’t be fixed, and each would be better off to move on.”

“They know this, but the kids are important to both of them,” the source added, sharing that discussions of finances are preventing things from going forward.

Lauer and his Dutch model wife married in 1998 after meeting on a blind date. The pair share three children — two sons and a daughter.

The former anchor was let go by NBC last November after accusations of sexual harassment surfaced against him.

“There are no words to express my sorrow and regret for the pain I have caused others by words and actions,” Lauer explained in a statement in November. “To the people I have hurt, I am truly sorry. As I am writing this, I realize the depth of the damage and disappointment I have left behind at home and at NBC. Some of what is being said about me is untrue or mischaracterized, but there is enough truth in these stories to make me feel embarrassed and ashamed. I regret that my shame is now shared by the people I cherish dearly.”