Daily Market Updates: BBC slashes 100 jobs, pulls channels amid ‘immediate cost pressures’

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BBC slashes 100 jobs, pulls channels amid ‘immediate cost pressures’

Reported · Written up by our desk · North America

The BBC announced more than 100 job cuts and the closure of two channels Tuesday as the cash-strapped UK broadcaster aims to save £500 million (US$668 million) over the next two years. BBC News announced the “net closure of just over 100 roles”, according to an internal note by director Rachel Jupp, part of some 2,000 job cuts the broader organisation is eyeing to achieve its planned savings. The job cuts represent £5.5 million in savings, said Jupp. She was appointed BBC News’ director this...

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SCMP EconomyBBC slashes 100 jobs, pulls channels amid ‘immediate cost pressures’

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BBC slashes 100 jobs, pulls channels amid ‘immediate cost pressures’

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