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Which region will see the most BP job cuts by the end of 2025?
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Resolution / Starting Odds
North America • 25%
Europe • 25%
Asia • 25%
Other • 25%
BP's regional announcements or workforce reports
Story
BP to Cut 4,700 Staff and 3,000 Contractor Jobs in £1.6 Billion Cost-Saving Plan
Jan 16, 2025, 12:09 PM
BP Plc announced plans to cut 4,700 jobs, approximately 5% of its global workforce, along with eliminating 3,000 contractor roles, totaling 7,700 positions, as part of a £1.6 billion cost-cutting initiative aimed at reducing costs and boosting efficiency. CEO Murray Auchincloss informed staff of the reductions, which are part of a broader strategy to streamline operations and enhance competitiveness. BP's total workforce includes about 88,000 employees globally.
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Similar markets
No Change • 25%
Significant Improvement • 25%
Decline • 25%
Moderate Improvement • 25%
Other • 25%
Europe • 25%
Asia-Pacific • 25%
North America • 25%
0-5% reduction • 25%
No reduction or increase • 25%
More than 10% reduction • 25%
5-10% reduction • 25%
European Union • 25%
China • 25%
United States • 25%
Other countries • 25%
Northern North Sea • 25%
West of Shetland • 25%
Southern North Sea • 25%
Central North Sea • 25%
Asia-Pacific • 25%
Europe • 25%
Other regions • 25%
North America • 25%
Other • 25%
Saudi Aramco • 25%
Gazprom Neft • 25%
ExxonMobil • 25%
South • 25%
Midwest • 25%
Northeast • 25%
West • 25%