BBC staff have been warned that a "significant" number of redundancies are likely to be made in the corporation's news department.
Director of news and current affairs, James Harding, said in an email to staff that the division had to make savings of "tens of millions of pounds" as part of the so-called Delivering Quality First programme.
The former editor of The Times, who joined the BBC last August, said he would share his proposals in July, having taken a "long, hard look" at the budgets over the past couple of months.
"I am afraid that there is no escaping the fact that there are likely to be a significant number of redundancies - most of our costs are tied up in people so there is limited scope for other big savings elsewhere," he said.
There has been speculation that between 500-600 jobs could be cut.