Even a major oil company is laying off thousands of workers to cut costs
Oil giant BP (BP) is laying off about 5% of its workforce as it looks to bring down costs, CEO Murray Auchincloss told staff in an internal memo Thursday.
BP CEO Auchincloss Faces a Crucial Test in Delayed Strategy Update
BP Plc’s Chief Executive Officer Murray Auchincloss faces a critical moment next month when he makes the delayed presentation of a new strategy to investors.
BP plans to cut roughly 5% of its workforce this year amid simplification programs
BP PLC (NYSE: BP) plans to cut about 4,700 jobs, roughly 5% of its global workforce, as part of companywide simplification ...
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.
D-Day looms for BP boss as oil giant trails its rivals
Sources close to the company say there is growing frustration over the firm's direction, adding that the investor update on ...
The Associated Press on MSN14d
BP cutting 4,700 jobs worldwide as part of cost-saving drive
In an email to staff on Thursday that has been seen by The Associated Press, CEO Murray Auchincloss said the job losses ...
BP Cuts 4,700 Internal, 3,000 Contractor Roles as It Trims Costs
The company employs 90,000 people worldwide and the internal job cuts represent around 5% of its workforce.
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BP Cuts Workforce Amid Energy Strategy Revamp
BP will cut over 5% of its global workforce as part of a strategy to reduce costs and rebuild investor confidence. CEO Murray Auchincloss aims to simplify operations and boost returns following the ...
BP announce plans to cut 4,700 jobs in £1.6bn cost-cutting drive
London-based energy firm BP plan to cut its global workforce by just over five per cent, resulting in 4,700 job losses. The ...
BP cuts over 5% of workforce to reduce costs
BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs ...