Houston-headquartered BP plans to cut 5 percent of its workforce—about 4,700 jobs—as part of a larger cost-cutting program.

BP will lay off up to 5% of its workforce worldwide, the company announced on Thursday. This move means that thousands of employees will lose their jobs. The British oil giant noted that the layoffs ...

Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.

The BP layoffs are expected to affect over 5% of the company’s workforce, with the cuts mainly taking place among office ...

BP plc BP, the British oil and gas giant, has announced job cuts to reduce its global workforce as part of its cost-cutting initiatives to restore investors’ confidence in the energy stock.

British Petroleum (BP) has announced a significant restructuring initiative that will see the company lay off approximately 4 ...

BP employs more than 90,000 people currently, but according to CNN, that number will drop by more than 4,000 in 2025. With ...

BP confirmed thousands of job cuts in a statement sent to Rigzone on Friday. “Last year, we began a multi-year program to ...

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The reductions amount to just over 5% of BP's 90,000 worldwide employees. Auchincloss’s memo said that about 2,600 of the contractors involved in the job cuts have already left the business. Last ...

BP plc BP, the British oil and gas giant, has announced job cuts to reduce its global workforce as part of its cost-cutting initiatives to restore investors’ confidence in the energy stock. The ...