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 ...

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

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 ...

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

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

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

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

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