The renowned British public broadcaster BBC has taken significant steps to reduce costs, cutting 155 jobs as part of a broader plan to save £24 million. This move also includes the cancellation of the popular TV program Hard Talk.
Job Cuts and Program Cancellations in Pursuit of Savings Goals
According to reports from BBC, the layoffs and program reductions are part of the company’s strategy to achieve its annual target of saving £700 million. Among the 155 employees affected, 25 are technical staff. This restructuring is expected to contribute £24 million to the savings target, which equates to around 4% of the BBC’s news budget. Additionally, several programs have been cancelled, and specific departments have been closed as part of this effort.
Iconic Program Hard Talk Comes to an End
Among the affected programs is Hard Talk, a flagship interview show that has been a staple of BBC’s lineup for 27 years. Its cancellation marks a significant shift for the network and its audience. Moreover, the production of the late-night show on BBC Radio 5 has been handed over to local and national radio teams, while the Asian News Network division has been shut down.
Global Staffing Adjustments: Downsizing in London, Expanding in Sydney
As part of its restructuring, BBC plans to increase staffing in certain international locations while reducing some positions in London. This includes creating new roles in Sydney as part of a strategic shift in its global operations.
“We Will Remain Well-Resourced,” Says BBC Executive
Despite these cost-cutting measures, BBC News CEO Deborah Turness assured that the broadcaster would continue to have a strong resource base compared to its competitors. Turness emphasized that these steps are aimed at ensuring the long-term sustainability of the organization.