As the news circulated across the Internet, the cast and crew of the incredible show have been reacting on social media. Thank you for all your love and support.
Seth Meyers labelled the cancellation a "gut punch" and Sean Astin also lamented the news, as fans around the world let their displeasure be known.
Here are five things we will miss most about our favorite squad. What a gift this series has been: it's been my honor. Your sadness is noted.
Melissa Fumero, who plays Amy Santiago, has been one of the first members of the cast to support the fan response, urging bosses to reconsider. I'm still mad @CBS didn't renew #SquarePegs! Its initial season racked up plenty of accolades, including a Golden Globe for Samberg as Best Actor in a Musical or Comedy and the show overall for Best Television Series - Musical or Comedy.
The Mindy Project (an incredibly underrated comedy that you should all watch now) was cancelled by FOX back in 2015 after it's third season aired.
China sentences former political rising star to life in prison for corruption
Over a million officials of various ranks have been punished in Xi's anti-graft campaign since he came to power in 2013. China has confirmed that Sun has been appointed Communist Party boss for the southwestern city of Chongqing.
Possibly the most frustrating thing about the show's cancellation is the fact that the fourth season ended with a cliffhanger. Another deal could easily be struck should Hulu have interest.
It is the end of the road for the cop comedy series, which was the only remaining show from an outside studio, Universal TV, on Fox. According to the site, Netflix, Hulu, TBS, and NBC all made calls, though these might have been only exploratory in nature.
Fox says the final episode of the fifth and final season will air later this month.
Apocalypse-set sitcom The Last Man on Earth also hit the chopping block Thursday. Kristin Schaal, January Jones, and Mary Steenburgen co star along with a whos who of comedy celebrity guest stars.
Even the Brooklyn Nine-Nine cast got involved with Melissa Fumero, who plays Amy Santiago declaring that the show has the best fans and that she is having a hard time processing the news.