O'Brien "does not currently plan on doing any more new shows after next week," says a source

Conan O'Brien Likely to End Hosting The Tonight Show Jan. 22

We’ve got Tonight? Not after Jan. 22.

Conan O’Brien’s last night as host of The Tonight Show with Conan O Brien will likely be next Friday, a source close to O’Brien tells PEOPLE.

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“Conan does not currently plan on doing any more new shows after next week, says the source.

According to NBC, a pre-scheduled hiatus for the program starting on Jan. 25 has been on the calendar for months.

“Everyone is working as usual in getting the show on,” says a source at the Tonight Show.

On Tuesday, the host released a statement saying that he would not go along with NBC’s plan for him to host a relocated Tonight Show at 12:05 a.m., following The Jay Leno Show at 11:35 p.m.

“I cannot participate in what I honestly believe is [The Tonight Show‘s] destruction,” said O’Brien.