BBC News to cut over 400 jobs

Jeremy Barr

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BBC director of news James Harding said Thursday that the British media outlet plans to cut 415 jobs as part of an ongoing effort to reduce overhead.

The 8,400-person news organization will see a net 220 full-time job loss over all, as it plans to create 195 new positions to boost the its digital staff.

"It will be a testing time of uncertainty and change," Harding told employees.

The BBC has been shedding staff throughout the year in a bid for austerity.

The new layoffs are expected to generate cost-savings of some $82 million by 2017.

Read more from the BBC here: http://bbc.in/1jSW812