Texas-headquartered BP announces massive layoffs, workforce reduction
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 and gas giant said in an internal memo sent to employees that the organization is aiming to reduce costs by at least $2 billion by the end of 2026.
BP cuts over 5% of workforce to reduce costs
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Thorntons Inc. parent BP to cut jobs
The parent of local oil and convenience store company Thorntons Inc. will shed jobs. U.K.-based oil company BP PLC is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive, according to reports from The Associated Press and our sister publication, the Houston Business Journal.
BP announces 8,000 layoffs in global restructuring plan
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 aim to reduce costs and rebuild investor confidence.
BP Confirms Job Cuts
BP confirmed thousands of job cuts in a statement sent to Rigzone on Friday. “Last year, we began a multi-year program to simplify and focus BP,” the statement noted. “We are strengthening our competitiveness and building in resilience as we lower our costs, drive performance improvement, and play to our distinctive capabilities,” it added.
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.
BP announces job cuts of 4,700 in major bid to cut costs
BP has said it is cutting 4,700 jobs across its global workforce and 3,000 contractor roles as part of a cost-saving drive across the company. We'll be bringing you the very latest updates, pictures and video on this breaking news story.
BP Announces Layoffs, Aims to Cut At Least $2B in Costs by 2026
BP plc BP, the British oil and gas giant, has announced job cuts to reduce its global workforce as part of its cost-cutting initiatives to restore investors’ confidence in the energy stock. The company will reduce its global staff by 5%,
BP to slash 4,700 jobs to cut costs
BP Plc is eliminating 4,700 positions internally, about 5 per cent of its workforce, and more than 3,000 contractor jobs, CEO Murray Auchincloss told staff on Thursday, as the London-based energy giant seeks to reduce costs.
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.
BP to Lay Off 4,700 Employees and 3,000 Contractors to Cut Costs and Rebuild Investor Confidence
British Petroleum (BP) has announced a significant restructuring initiative that will see the company lay off approximately 4 ...
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Real Life ‘Landman': Oil Giant BP Laying Off Thousands of Workers
BP employs more than 90,000 people currently, but according to CNN, that number will drop by more than 4,000 in 2025. With ...
Oil giant BP axing thousands of jobs
The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also ...
The list of major companies laying off staff in the new year, including Meta, Microsoft, BlackRock, and BP
Companies have continued to cut jobs in 2025 after a wave of layoffs last year. Meta, Microsoft, BlackRock, and Ally are ...
BP Australia: Global job cuts expected to hit Australian workforce in Perth and Melbourne
Hundreds of Australian jobs could be axed at BP as the company works to slash headcount across the world. The supermajor’s ...