Houston-headquartered BP plans to cut 5 percent of its workforce—about 4,700 jobs—as part of a larger cost-cutting program.

Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.

BP will lay off up to 5% of its workforce worldwide, the company announced on Thursday. This move means that thousands of ...

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

The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also ...

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

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

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.

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

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

BP is one of many companies with venture arms investing in the Bay Area. Where they put their money can signal a larger corporate strategy.

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 ...