The show has appointed a new boss Martin Frizzell after viewing figures for the show have plummeted, and reports claim he is not happy with a number of the women on the current line-up.
A source told the Sunday People: "Martin is a massive hiring for the network and he will not fail at increasing the popularity of 'Loose Women'.
"Martin knows there are lots of good female television presenters out there and there is talent he wants to bring in. He has some big ideas of who he wants and of course there will be many current Loose Women staff who don’t fit the bill."
And while Carol is just one of the names who could reportedly face the axe, she isn't alone as Coleen Nolan, 'Benidorm' actress Sherrie Hewson and newest recruit Myleene Klass could find their days at the show are numbered in an attempt to shake things up.
The source explained: “The plan is to take the show back to how it was when it launched in 1999. It was about intelligent debate with a panel of sassy, smart women with very strong opinions. It will become far more newsy and a little bit like an all-woman Question Time."
Carol has been an anchor on 'Loose Women' since she joined the show in 2011. Before that she was best known for her work on 'Countdown', which she presented for 26 years before quitting in 2008.