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 of 4,700 jobs, and 3,000 roles from its contractors. It is part of the cost-reduction plans that initiated in 2023, the plan is to cut $2 billion in costs by the end of 2026 and workforce reduction is part of the plan.
BP cuts over 5% of workforce to reduce costs
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Along with this, BP also plans to cut 3,000 contractors. The company currently employs some 87,800 people globally. The lay ...
Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.
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