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Media House 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.

Announcing the decision on Wednesday, the BBC said it wanted to “reduce duplication” across its output while making major savings, with an estimated 450 job losses expected.

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There will also be a reduction in the number of films produced by the programme, with the budget cut for its investigative journalism.

Director of News & Current Affairs Fran Unsworth said: “Never in my career have I felt this organization is quite under the threat that it currently is. There are many that believe that how we are funded is no longer appropriate when consumers seem to prefer to pay just for what they use.”

Unsworth noted that audiences are turning to online news sources, rather than traditional platforms like TV and radio. “We need to create a modern newsroom that is built for the future and not for the past,” she stressed.

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.

 

About Edwin Ochieng

Edwin Ochieng is living true to the calling of Journalism, He is passionate about issues of Business and Politics. Edwin Ochieng is a graduate from St Paul University and East African School of Media Studies (EASMS).

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