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BBC will cut up to 2,000 jobs to reduce costs by about 10%
The broadcaster says the cuts will affect one in 10 staff as it seeks to save 10% of its annual budget.
- On Wednesday, the BBC announced plans to cut up to 2,000 jobs, affecting 10% of its 21,500 staff in what represents the biggest reduction since 2011.
- Facing "substantial financial pressures," the broadcaster initiated a £600 million cost-cutting plan in February to improve productivity and value for money over three years.
- Interim Director-General Rhodri Talfan Davies informed staff during an all-staff call at 3pm on Wednesday, though specific details on affected departments were not disclosed.
- These redundancies represent the largest staff reduction at the corporation since 2011, occurring as leadership prepares for an incoming director-general in May.
- Former Google executive Matt Brittin will assume the role of 18th director-general next month, inheriting management of the BBC's £6 billion annual cost base.
174 Articles
174 Articles
BBC plans to cut up to 2,000 jobs to save 10% of annual budget
The BBC said Wednesday that it plans to cut up to 2,000 jobs to save 10% of its annual budget — 500 million pounds ($677 million) — over the next two years. The layoffs announced during a call with staff are the biggest in more than a decade at the U.K. national broadcaster. “I know this creates real uncertainty, but we wanted to be open about the challenge,” interim Director-General Rhodri Talfan Davies said in a staff email. Davies said that t…
The reasons for this drastic decision are a sharp increase in production costs, an uncertain economic environment, and a decline in audiences.
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