The national governing body said the restructuring programme will focus on protecting the core elements of the sport.

This includes ensuring Badminton England can continue to help the badminton community navigate the impact of the pandemic and to stay active, preparing for the Tokyo 2020 Olympic and Paralympic Games and protecting the next generation of young talent.

"This is a really sad day for us," said Adrian Christy, Badminton England chief executive.

"I am privileged to work alongside an amazingly talented team who, through this period, have shown the most extraordinary commitment to get badminton back, despite the many hurdles that stand in our way.

"Unfortunately, because of the pandemic, some valued colleagues will leave the organisation.

"But Badminton England has been hit extremely hard financially by the global coronavirus pandemic with the lockdown measures resulting in a loss of more than £1 million ($1.28 million/€1.1 million) of income, along with the continued disruption to the game.

"This is having a material impact on the finances of the organisation now and is expected to in the months ahead.

"While we undertake the consultation process with our team, there will inevitably be some disruption and I thank everyone in advance for their understanding during this period.

"The restructure reflects the immediate priorities for the organisation and will ensure that we remain financially secure and come through this in good shape, ready to manage the challenges ahead and embrace the opportunities also."

The consultation process will be conducted in two stages.

Badminton England say the first stage will conclude on November 30 2020.

The second stage will begin early in 2021 with the overall process completed no later than March 31 2021.

Full details of the impact of the programme and how it will affect our day to day dealings with the badminton community will be available once the consultation process has completed, Badminton England added.

In September, Christy called for financial support from the United Kingdom Government.

His call came after plans to allow spectators at sporting events were put on hold after an increase in coronavirus cases.

Christy requested £1 million ($1.28 million/€1.1 million) financial support to protect the All England Championships and badminton in the country.

The All England Championships, one of badminton's most prestigious tournaments, has been considered at risk.

The event is the oldest on the circuit, having been held since 1899.

Christy said Badminton England are working with the Government and Badminton World Federation to help protect the Championships.

"The All England is a critical part of Badminton England’s economy and we were already preparing for a limited audience next year," he said.

"However, we are now working with our International Federation and our Government to secure the support that helps to protect the Championships, and consequently, the organisation."