-
Kenya's economy faces climate change risks: World Bank
-
BBC to cut up to 2,000 jobs under 'financial pressures'
-
Hormuz shipping muted as US blockade takes hold: tracking data
-
Swiss watchmakers say time will tell on effects of Mideast conflict
-
World Bank announces water security plan covering one billion people
-
Merz praises Lufthansa on centenary as strikes ruin party
-
IMF chief warns of 'tough times' if oil prices stay high
-
Critically endangered orangutan born at Madrid zoo
-
Starmer says 'won't yield' to Trump's Mideast war threats
-
Chinese suppliers, Mideast importers fret about war fallout on trade
-
Markets steadier on Mideast peace hopes, as war hits luxury goods
-
EU says age-check app 'ready' in push to protect children online
-
The Middle East war: latest developments
-
French luxury firms Hermes, Kering knocked by disappointing sales
-
Stocks rally, oil falls further as Trump fans fresh peace hopes
-
Rosalia caps journey from student to star with Barcelona concerts
-
AI expansion drives up profits at bullish tech giant ASML
-
AI-driven chip shortage slowing efforts to get world online: GSMA
-
Kanye West postpones France concert after minister's block call
-
Stocks rally, oil extends losses as Trump fans fresh peace hopes
-
US lawmaker demands FIFA pay World Cup transport bill amid ticket hikes
-
Netflix boss Sarandos has 'constructive' talks with cinema owners
-
Renault to cut up to 20% of engineers
-
Gucci -- again -- drags down Kering's performance
-
Rolls-Royce unveils ultra-luxury limited series electric car
-
Paris engineer wins Picasso painting at charity auction
-
ECB chief insists won't abandon ship amid global turmoil
-
Czech govt draws ire with public media financing plan
-
US bank profits jump as execs see consumers surviving oil spike so far
-
Amazon says to buy Globalstar to expand satellite network
-
IMF cuts eurozone growth forecast to 1.1%, warns of strong euro
-
Turkey school shooting wounds 16, attacker dead
-
Romuald Wadagni, from economic reformer to presidential palace
-
Prince Harry and Meghan visit Australia in first trip since royal rift
-
Mideast war revs up electric car demand in Asia
-
China's economy likely picked up pace in first quarter: AFP survey
-
Asian stocks rally, crude drops on lingering hope for a peace deal
-
Geneva watch fair set to show war's effect on luxury sector
-
OpenAI firebomber was trying to kill boss Sam Altman: prosecutors
-
McDonald's, Iran, and the pope: Trump's bizarre press conference
-
P&G and OMP Showcase the Path to Autonomous, Decision-Centric Planning at Gartner Supply Chain Symposium/Xpo 2026
-
Trump allows LGBTQ pride flag to fly again at Stonewall
-
CinemaCon starts with box office optimism
-
Lufthansa pilots strike as cabin crew call further stoppage
-
SCANDIC COIN — цифровая валюта в рамках закрытой экосистемы
-
SCANDIC COIN, a digital currency within a closed ecosystem
-
Goldman Sachs eyes more corporate mergers despite war uncertainty
-
LVMH sales feel impact from war
-
Norwegian effectively cured of HIV after transplant from brother
-
French court gives teacher suspended sentence over pupil's suicide
BBC to cut up to 2,000 jobs under 'financial pressures'
The BBC said on Wednesday that the British broadcasting corporation is set to cut up to 2,000 jobs amid a challenging media landscape.
The BBC's interim director-general Rhodri Talfan Davies said in a statement to staff that "while we still have to work through the detail, we anticipate the overall number of jobs will fall by 1,800-2,000".
The BBC reported the cuts on Wednesday afternoon, saying they amount to "almost one in 10" jobs, since it has about 21,500 employees.
The acting director-general said in a message to staff, sent to AFP, that this was because the BBC faces "significant financial pressures, which we need to respond to at pace".
"Put simply, the gap between our costs and our income is growing," said Talfan Davies, who has taken on the role temporarily.
"Inevitably, these plans will also mean reducing the number of jobs in the BBC," he added in a message that he said followed an all-staff call.
The BBC has to cut £500 million from its operating costs of £5 billion "over the next two years", the director-general said.
The BBC had previously said it has to find ways to shave 10 percent off its costs over the next three years.
- 'Devastating' for staff -
The job cuts will be the biggest round of redundancies at the broadcasting corporation in almost 15 years, ITV News and The Press Association (PA) news agency reported.
In 2011, the BBC announced it would cut 2,000 jobs over the next five years and relocate some staff away from London.
Talfan Davies told BBC radio "there are going to be some big and some difficult choices".
The head of the Bectu union for media workers, Philippa Childs, said "cuts of this magnitude will be devastating for the workforce and to the BBC as a whole".
The general secretary of the National Union of Journalists, Laura Davison, condemned the cuts, which she said were "wrong, damaging and will cause uncertainty and distress for workers at the BBC".
The job losses come as the BBC faces a turbulent media landscape, affected by AI and changing consumer habits.
The BBC is funded by the public paying for a licence to view live content. It says 94 percent of UK adults use its services every month.
In a report in March the BBC said its income from the licence fee had fallen 24 percent in real terms since 2017.
"We must reduce our total cost base by a further 10% by March 2029 due to licence fee headwinds and other pressures," the report said, warning "tough choices may require cuts to content and services".
US President Donald Trump has filed a $10 billion defamation lawsuit against the broadcaster over a documentary that edited his 2021 speech ahead of the US Capitol riot, making it appear he explicitly urged supporters to attack the seat of Congress.
The BBC's former director-general, Tim Davie, resigned over the case and left at the start of April.
A new director-general, former Google executive Matt Brittin, is due to take over at the BBC next month, with his appointment announced as leading the corporation "through transformation".
St.Ch.Baker--CPN