"The choice was to go, 'Well, if I want to do this other work, that cannot be at the expense of our children, our family,'" Corden, who shares son Max, 11, and daughters Carey, 8, and Charlotte, 5, with wife Julia Carey, explained. "That is really all it comes down to."

The 44-year-old also reflected on his time on the show during his April announcement.

"I never want this show to overstay its welcome in any way," Corden shared in his April 28 monologue. "I always want to love making it. And I really think in a year from now, that will be a good time to move on and see what else might be out there."