diff --git a/.github/workflows/branch-alias.yml b/.github/workflows/branch-alias.yml
index baa66cdc95..542c902ba3 100644
--- a/.github/workflows/branch-alias.yml
+++ b/.github/workflows/branch-alias.yml
@@ -13,7 +13,7 @@ jobs:
       - name: Set up PHP
         uses: shivammathur/setup-php@v2
         with:
-          php-version: 7.4
+          php-version: "8.0"
           coverage: none
 
       - name: Checkout code
diff --git a/.github/workflows/coding-standards.yml b/.github/workflows/coding-standards.yml
index bd8910280d..6c19391c09 100644
--- a/.github/workflows/coding-standards.yml
+++ b/.github/workflows/coding-standards.yml
@@ -16,7 +16,7 @@ jobs:
     strategy:
       matrix:
         php-version:
-          - 7.1
+          - "8.0"
 
     steps:
       - name: Checkout code
diff --git a/.github/workflows/static-analysis.yml b/.github/workflows/static-analysis.yml
index 4921e502c0..91d6b4d41a 100644
--- a/.github/workflows/static-analysis.yml
+++ b/.github/workflows/static-analysis.yml
@@ -15,7 +15,7 @@ jobs:
 
     strategy:
       matrix:
-        php-version: [7.4]
+        php-version: ["8.0"]
 
     steps:
       - name: Checkout code
@@ -57,7 +57,7 @@ jobs:
 
     strategy:
       matrix:
-        php-version: [7.4]
+        php-version: ["8.0"]
 
     steps:
       - name: Checkout
diff --git a/.github/workflows/tests.yml b/.github/workflows/tests.yml
index 1ab7ef17f2..138229048d 100644
--- a/.github/workflows/tests.yml
+++ b/.github/workflows/tests.yml
@@ -18,10 +18,6 @@ jobs:
         operating-system:
           - 'ubuntu-latest'
         php-version:
-          - '7.1'
-          - '7.2'
-          - '7.3'
-          - '7.4'
           - '8.0'
           - '8.1'
 
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3350f92c70..10eacc3a6b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,8 @@
 
 ## [Unreleased](https://github.com/FakerPHP/Faker/compare/v1.20.0...main)
 
+- Dropped support for outdated PHP versions (#543)
+
 ## [2022-07-20, v1.20.0](https://github.com/FakerPHP/Faker/compare/v1.19.0..v1.20.0)
 
 - Fixed typo in French phone number (#452)
diff --git a/README.md b/README.md
index 018c70bb7e..5f84e9e53d 100644
--- a/README.md
+++ b/README.md
@@ -15,7 +15,7 @@ It's heavily inspired by Perl's [Data::Faker](https://metacpan.org/pod/Data::Fak
 
 ### Installation
 
-Faker requires PHP >= 7.1.
+Faker requires PHP >= 8.0.
 
 ```shell
 composer require fakerphp/faker
diff --git a/composer.json b/composer.json
index 7c192ac7e4..6b3e8f585f 100644
--- a/composer.json
+++ b/composer.json
@@ -14,7 +14,7 @@
         }
     ],
     "require": {
-        "php": "^7.1 || ^8.0",
+        "php": "^8.0",
         "psr/container": "^1.0 || ^2.0",
         "symfony/deprecation-contracts": "^2.2 || ^3.0"
     },