None of the current channels will close and some of the money will be reinvested in new programmes.
All new daytime programming will shift to BBC One, with BBC two broadcasting news and repeats of peak-times shows.
Bectu, a technicians union have accuses the BBC's Director Mark Thompson of "destroying jobs and destroying the BBC".
As well as losing 2000 jobs over the next five or so years, another 1000 staff will be made to relocate from London to Salford by 2016.
BBC one is having the biggest cut at 3% which will see a reduction in entertainment programmes "which have a lower impact" said by Thompson.
There will be fewer chat shows and panel shows on BBC Two, and digital channels BBC Three and Four will become feeder channels for BBC One and Two respectively.
So more changes happening, how will people react? I don't think it will make the slightest difference to viewers but it leaves many workers in a sticky position when it comes to losing their jobs.. let's hope something changes fast.
