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This just in. A source close to the set of Days of Our Lives says news of Jay Kenneth Johnson (Philip) leaving the sudser has proven premature.

"Jay is back!" says the source. "It was all just a stupid misunderstanding."

The source also reveals Peter Reckell (Bo) and Kristian Alfonso (Hope) agreed to take massive pay cuts.

"And good for them!" says the source. "It says a lot about Peter and Kristian for them to do that. It says that they are team players and want the show to succeed."

Even more top tier Days actors are being asked to take substantial cuts as well. Keep checking back to Daytime Confidential as this story develops