BBC to Cut 500 Jobs as Financial Deficit Grows
The BBC has revealed plans to reduce its workforce by 500 full-time positions over the coming two years as the broadcaster’s annual report displays evidence of financial difficulties.
The BBC said that it was “becoming a leaner, more agile organization,” and was “accelerating our digital-first approach to reach audiences where they are.” It also noted that public service roles have decreased by 10% over the past five years, equating to nearly 2,000 positions.
The corporation aims to reallocate resources to “priority areas that provide real value for audiences,” which will involve closing and transferring roles in some departments while creating positions in growth sectors.
These changes come at a challenging financial time for the BBC. According to the chief operating officer’s review in the annual report, the public broadcaster reported a £263 million ($339.6 million) operating deficit for the 2023-24 fiscal year, up from £193 million ($249.2 million) the previous year.
Looking ahead, the BBC...
The BBC said that it was “becoming a leaner, more agile organization,” and was “accelerating our digital-first approach to reach audiences where they are.” It also noted that public service roles have decreased by 10% over the past five years, equating to nearly 2,000 positions.
The corporation aims to reallocate resources to “priority areas that provide real value for audiences,” which will involve closing and transferring roles in some departments while creating positions in growth sectors.
These changes come at a challenging financial time for the BBC. According to the chief operating officer’s review in the annual report, the public broadcaster reported a £263 million ($339.6 million) operating deficit for the 2023-24 fiscal year, up from £193 million ($249.2 million) the previous year.
Looking ahead, the BBC...
- 7/23/2024
- by Naman Ramachandran
- Variety Film + TV
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