BBC plans to cut up to 2,000 jobs to save 10% of annual budget |
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 the reductions were driven by inflation, pressures to license fee and commercial income and a turbulent global economy.
The BBC said earlier this year that it faced “substantial financial........