"I'd like to express my gratitude to the entire cast, crew and production team who have made this an irreplaceable experience," Prescott graciously posted. "I have been privileged to be a part [of] ATWT and this concludes an invaluable education."
Prescott reveals that budget woes brought about his exit. Despite losing his job, the Oakdale newcomer is taking the news well.
"I view my departure as a positive step forward," he wrote. "Stay tuned as I share my next creative challenge with you shortly."
A spokesperson for As the World Turns confirms to Soap Central that Prescott is leaving the show, adding "He's not leaving until October."
Prescott last airs on October 1.