According to The Wall Street Journal, a plan to cut 2000 jobs within The British Broadcasting Corporation will reduce costs by 16 percent over the next five years and see the BBC employees reduced to 15,200 from its current 17,200 by the year 2017. BBC Director General Mark Thompson called the plan “the most far-reaching transformation” in the history of the BBC.
In addition to the 2000 jobs reduced, The BBC also has plans to decrease their website costs by 25 percent and a 15 percent decrease to their budget for sports rights. BBC senior staff will also be reduced to 1 percent of the total staff. The senior staff currently accounts for 3 percent of the total.