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flag BP plans major job cuts, affecting over 7,700 positions globally, to save $2 billion by 2026.

flag BP plans to cut 4,700 jobs and 3,000 contractor positions, affecting over 5% of its global workforce, to reduce costs and boost investor confidence. flag CEO Murray Auchincloss aims to save at least $2 billion by 2026. flag The cuts follow a review of all BP divisions and come amid the company's efforts to improve its performance compared to rivals. flag BP will provide more details on its strategy at an investor day on February 26.

8 months ago
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