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The job cuts will also impact the news and content divisions. Certain outdated programs will be shut down, and groups will be merged.
The steps revealed on Wednesday will lower yearly expenses by around £160 million ($214 million). The firm vows to reveal more cost-reduction strategies in the upcoming months, which involve eliminating around 700 positions in its corporate sector.
Overall, it intends to cut expenses by £500 million within three years by terminating 1,800 to 2,000 staff members.
source: bbc.com
The steps revealed on Wednesday will lower yearly expenses by around £160 million ($214 million). The firm vows to reveal more cost-reduction strategies in the upcoming months, which involve eliminating around 700 positions in its corporate sector.
Overall, it intends to cut expenses by £500 million within three years by terminating 1,800 to 2,000 staff members.
source: bbc.com
