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BP Layoffs Announced in Pursuit of $2 Billion in Savings

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Oil giant BP is starting off the year with an unfortunate bang, with plans to cut more than 5% of its total workforce. The BP layoffs are expected to affect 4,700 workers of the overall 90,000 individuals who are employed at the organization globally. The company announced its intention to go on a cost-cutting mission last year, with an aim to simplify the business significantly by the end of 2026, so the news of the job cuts doesn’t come as a surpr

i

se. In order to reach their savings goals, the BP layoffs will be integral to pairing down the workforce

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