BBC plans to cut 500 jobs by 2026 to save £200m and invest in video content and digital capabilities.
The BBC plans to cut 500 jobs by 2026 in a bid to save £200m and become a "leaner, more agile organization," according to its annual report. The corporation has already reduced its headcount by 10% in the past five years, resulting in nearly 2,000 job losses. The BBC is facing financial challenges, with its license fee income decreasing by 30% since 2010/11. The savings will be directed towards investing in premium video content and digital capabilities.
July 23, 2024
39 Articles