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BP cutting 4,700 jobs
British Petroleum to cut 7,700 jobs to reduce costs
British Petroleum (BP) Plc has announced plans to cut about 7,700 jobs as part of its ongoing efforts to reduce costs in 2025. The company plans to cut 4,700 full-time jobs and dismiss over 3,000 contractors.
BP cutting 4,700 jobs worldwide as part of cost-saving drive
U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive.
Energy Giant BP To Cut Nearly 8,000 Jobs Worldwide
Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.
Oil Giant BP Cuts Thousands Of Jobs To Slash Costs
British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.
BP to cut over 5% of workforce in CEO cost cut drive
BP announced on Thursday that it will cut around 4,700 staff, or over 5% of its total workforce, as part of CEO Murray Auchincloss' efforts to reduce
BP Eliminates Thousands of Jobs in Cost-Cutting Effort, CEO Says
BP Plc is cutting 4,700 positions internally and 3,000 contractor jobs, Chief Executive Officer Murray Auchincloss told staff on Thursday, as the London-based energy giant seeks to reduce costs.
Oil major BP to cut thousands of jobs in cost-saving drive
British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.
Oil giant BP axing thousands of jobs
BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive. The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year.
BP cuts over 5% of workforce to reduce costs
BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the energy giant. Around 4,700 employees and 3,
One of the world's biggest oil companies is cutting thousands of jobs
BP is cutting 4,700 jobs and 3,000 contractor roles as part of a drive to "simplify and focus" the oil giant, it said on Thursday.
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6h
Oil giant British Petroleum to lay off 4,700 employees
Along with this, BP also plans to cut 3,000 contractors. The company currently employs some 87,800 people globally. The lay ...
4h
BP Announces Major Workforce Reduction Amidst Cost-Cutting and Transition to Clean Energy
January 16, 2025 British Petroleum Plc ( NYSE:BP) announced to layoff more than 5% of its employees around the world, a total ...
50m
BP Dismisses 7,700 Employes To Trim Spending
British petroleum is dismissing 7,700 of its staff throughout the globe to cut operating expenditures. The conglomerate said in a press release on Thursday the decision covered 4,700 full time ...
2h
BP rises Thursday, outperforms market
Shares of BP PLC BP rallied 1.37% to £4.29 Thursday, on what proved to be an all-around favorable trading session for the ...
2h
BP, which employs around 4,000 in Houston, to cut thousands of roles globally, according to reports
BP, which employs around 4,000 in Houston, will eliminate thousands of roles to cut costs, according to reports from ...
8h
BP warns of fourth-quarter profit hit, postpones capital markets day
BP warned that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and trading, while ...
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2d
BP sees drop in Q4 upstream output, says CEO will be back in February
British oil major BP said on Tuesday that it expects its fourth-quarter upstream production to be lower than the third ...
1d
BP Nears Deals For Oil Fields, Curbs On Gas Flaring In Iraq
Iraq and British oil giant BP are set to finalise a deal by early February to develop four oil fields in Kirkuk and curb gas ...
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