Houston-headquartered BP plans to cut 5 percent of its workforce—about 4,700 jobs—as part of a larger cost-cutting program. The company also intends to cut about 3,000 contractor positions. The oil ...

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 ...

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BP employs close to 90,000 people. The staff was informed about the layoffs in an internal company memo sent via email, according to Reuters. Immediately after this information was released, BP's ...

British Petroleum (BP) has announced a significant restructuring initiative that will see the company lay off approximately 4,700 employees and 3,000 contractors. This decision is part of a broader ...

While workforce cuts raise concerns, the tech sector is poised for significant growth, with jobs in big data, fintech, and AI ...

The spokesperson declined to say how the job cuts would be distributed across the company’s businesses and the regions where it’s present, which include the United States. Last April ...

Companies have continued to cut jobs in 2025 after a wave of layoffs last year. Meta, Microsoft, BlackRock, and Ally are ...

But that doesn't mean that the revenue is always there, and sometimes even the huge oil companies have to make mass layoffs to thrive and survive in today's world. A spokesperson for BP said ...