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 ...

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 ...

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

BP, the U.K.-based oil company, is implementing a global cost-saving strategy that includes eliminating 4,700 jobs and ...

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

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

The reductions amount to just over 5% of BP’s 90,000 worldwide employees. Auchincloss’s memo said that about 2,600 of the ...

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

BP will be axing 7,700 jobs from its workforce as part of major cost cutting plans.