SWR superintendent Peter Voss said that the budget cuts are necessary due to a decline in revenue from television-set taxes in Germany. The Bavarian Broadcasting Corporation, based in Munich, made a similar announcement about the elimination of one of its orchestras earlier this month.
Lileana Blain-Cruz directs the new production, opening April 23.
The Cuban-born composer is this season's Debs Composer's Chair.
The cast is led by Bryonha Marie and Nathan Gunn, with Tony winner Ted Sperling at the baton.
The season, opening September 21, will include 58 ballets across 21 weeks of performances.
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