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 4,700 employees and 3,000 contractors. This decision is part of a broader strategy aimed at reducing costs and restoring investor confidence in the energy giant’s stock.
BP cuts over 5% of workforce to reduce costs
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Along with this, BP also plans to cut 3,000 contractors. The company currently employs some 87,800 people globally. The lay ...
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