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BP: 4,700 jobs cut
January 16, 2025GBEnergyBP
BP announced cuts of about 4,700 employees and 3,000 contractor positions to reduce costs by $2B by end of 2026. The technology division alone cut approximately 1,100 roles. BP is utilizing AI in engineering, marketing and operations, though cuts are primarily driven by broader cost pressures.
Conservative
0
Core Estimate
705
Upper Bound
1,645
Sources
PrimaryPOWER MagazineJanuary 16, 2025
BP cuts 4,700 employees and 3,000 contractors in $2B cost reduction drive
BP announced cuts of about 4,700 employees and 3,000 contractor positions to reduce costs by $2B by end of 2026. The technology division alone cut approximately 1,100 roles. BP is utilizing AI in engineering, marketing and operations, though cuts are primarily driven by broader cost pressures.