The new executive of one of the world's most prestigious broadcast networks has announced massive layoffs and program reductions will hit the BBC. It comes as Britain's public broadcaster, which runs multiple channels, is an institution in the U.K. and is known around the world, is facing fiscal challenges despite being publicly funded. 

"Matt Brittin, the former Google executive, told staff in an email on Wednesday that the savings plan will mean canceling shows and reviewing the BBC’s “broadcast TV channels and radio network portfolio as audiences move online.”

“The scale of savings requires tough choices, careful work and won’t all be ready at once. We are committed to letting you know as soon as we have plans in your area. All divisions will be making significant savings,” he said."

The cold blooded way the new CEO explained the reductions to staff isn't exactly getting rave reviews from those affected:

"Reductions of this scale inevitably mean some compulsory redundancies, though we will work hard to avoid this wherever we can. Many divisions have already opened voluntary redundancy windows; more will be opening today."

The $670 million in cuts could result in as many as 2,000 positions being eliminated.

BBC To Cancel Shows & “Review” TV Networks As It Cuts Content Spend By $107M