-
Kenya's economy faces climate change risks: World Bank
-
Tech-fuelled rally fizzles as oil prices rise
-
US Fed dissenters call for rate hikes over sustained inflation
-
Alarm over climate-linked low level of German waterways
-
New York sues online prediction markets giant Kalshi
-
Commerzbank agrees to talks with UniCredit after two-year standoff
-
Profits surge at US oil giant amid Iran war supply shock
-
Fornaro Legal Releases Guidance to Help Businesses Maintain Clear Ownership Records During Growth
-
Stock markets rally on tech rebound
-
Japan probe made closest-ever asteroid flyby: space agency
-
France, Spain assess scorched terrain as new wildfires threaten other regions
-
British oil giant BP aims to sell North Sea business
-
Chipmaker Kioxia reports AI-driven 45-fold surge in quarterly net profit
-
China factory activity slides as leaders seek spending boost
-
Far right and far left battle for power in polarised Berlin
-
Tech rebound fuels record-breaking rally in South Korean stocks
-
The last trio: S.Africa's zoo elephants await their fate
-
Cables and cooling bring AI windfall to Indian suppliers
-
Oil industry sees war windfall but girds for political blowback
-
Anthropic's models gained unauthorized 'real-world' access during testing
-
Amazon beats expectations with cloud and AI growth
-
Apple tops estimates in CEO Cook's final quarter, but shares fall
-
Blowout Microsoft results lift US stocks as oil retreats
-
Milei demands expulsion of foreigners expressing 'hate' against Argentina
-
'Beginning of the end': Relief but no party as French wildfire winds down
-
Italy's Po River valley on drought alert
-
Southern Europe 'becoming more flammable' in hotter climate, experts say
-
Prada profits pinched as growth hard to chase
-
Mammoth bones found on parched bed of Danube in Bulgaria
-
Stocks climb on earnings and rates, oil retreats
-
MEXC Lists Grvt (GRVT) with $60,000 Worth of GRVT and 10,000 USDT in Airdrop+ Rewards
-
US economic growth slows in second quarter, missing expectations
-
George and Amal Clooney flee French home due to wildfire
-
Russia adds Telegram founder Durov to 'terrorist' blacklist
-
MEXC Ventures Supports Alpha Arena's APAC Debut at Coinfest Bali
-
Stocks diverge on earnings, as oil steadies
-
AI data centre supplier Zhongji InnoLight slips on Hong Kong debut
-
Eurozone economy grows despite Middle East war
-
May, June heatwaves caused 2,877 extra deaths in England: govt
-
Singapore group will develop 'most promising' Ebola vaccine
-
BMW profit down a third as carmaker plans job cuts
-
Shell profit surges as Mideast war fuels oil prices
-
Seoul extends losses as most Asian markets drop, oil rises again
-
Car maker Stellantis says back in profit in second quarter
-
Gambling.com Group Is Now Grandstand
-
Samsung quarterly operating profit up 1,800% on AI boom
-
Meet the astronomer digging into the Milky Way's 'fossils'
-
South Korean stocks bounce after rout, oil holds gains on Mideast woes
-
AI data centre supplier Zhongji InnoLight falls on Hong Kong debut
-
South Korea's women web sleuths fight AI deepfake porn
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