The BBC, the United Kingdom’s public broadcaster, is expected to announce the first phase of a major restructuring next week, which will involve cutting hundreds of positions within its main news division, according to a report by the Financial Times citing sources familiar with the matter.
According to the Financial Times, departments across the BBC have been instructed to reduce their budgets by around 10% as part of a broader cost-cutting initiative. The plan is expected to eliminate approximately 2,000 jobs and save hundreds of millions of pounds, with the BBC's news division anticipated to be the first to unveil its restructuring proposals next week.
The planned cuts are expected to impact certain radio programmes, with sources warning that audiences may notice changes to BBC services.
Insiders also told Financial Times that since staffing accounts for most of the news division’s expenses, the department is likely to see a larger share of job losses than other parts of the broadcaster.
In an interview with the Financial Times last month, newly appointed BBC Director-General Matt Brittin said the broadcaster would face difficult and potentially unpopular decisions as it works to secure its long-term financial sustainability.
Brittin faces the challenge of reducing costs while continuing to invest in future-focused services such as BBC iPlayer and YouTube content to attract younger viewers, FT reported.
Meanwhile, the UK government is considering changes to the TV licence fee system, including the possibility of extending it to private streaming platforms. At present, a licence fee is required to watch live television or access BBC iPlayer, but not for on-demand content on streaming services like Netflix.
(With inputs from FT)
