A major British oil and gas company has announced plans to reduce its workforce by 4,700 jobs and cut 3,000 contractor roles as part of its cost-saving efforts.

BP is cutting 4,700 jobs – around 5% of its global workforce – in a bid to curb costs and boost investor confidence.

Along with this, BP also plans to cut 3,000 contractors. The company currently employs some 87,800 people globally. The lay ...

BP has said it will cut 4,700 jobs across its global workforce and 3,000 contractor roles after it stopped or paused 30 projects since 2024. The company did not disclose how many people were affected ...

More cost-cutting efforts are planned this year and beyond, CEO Murray Auchincloss said, and the company has stopped or ...

British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.

BP will cut over 5 per cent of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss’ efforts to ...

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

After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs.

BP shares rose by 1.6% to 429.90p as of 11:05 a.m. in London, outperforming most European energy peers of the Stoxx Europe ...

Oil giant BP has announced it will cut 4,700 jobs across its global workforce and 3,000 contractor roles as part of a ...

The oil giant, which announced the cuts in a staff memo, has about 90,000 workers globally and 14,000 in the UK.