BBC To Layoff 450 News Staff In A Bid To Save $100M

The BBC has announced plans to layoff 450 employees in its news division, with a number of flagship shows and services being scaled back in a bid to save £80M ($104M) by March 2022. The BBC has already acknowledged plans to axe BBC Two news brand The Victoria Derbyshire Show, but staff were today briefed…

BBC To Layoff 450 News Staff In A Bid To Save $100M

The BBC has announced plans to layoff 450 employees in its news division, with a number of flagship shows and services being scaled back in a bid to save £80M ($104M) by March 2022.
The BBC has already acknowledged plans to axe BBC Two news brand The Victoria Derbyshire Show, but staff were today briefed on the full cost-saving proposals by Fran Unsworth, the head of news and current affairs. The 450 job cuts represent 7.5% of BBC News’ 6,000-strong workforce.
Under the plans, the BBC is going to pool its resources so journalists serve different programs and platforms, including TV, radio and online. The BBC said this was part of an effort to “reduce duplication,” but added that it will result in a reduction in the number of stories the corporation pursues.

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It provided some early insight on how this will work in practice. BBC Two’s tentpole current affairs show Newsnight will scale back the number of films it makes and layoff 12 of its team, radio station 5 Live will also face cuts, while BBC World Service show World Update will be closed and five BBC News anchors will lose their job.
Unsworth told staff: “We need to reshape BBC News for the next decade in a way which saves substantial amounts of money. We are spending too much of our res
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