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flag BP plans to lay off over 4,000 workers by 2025 to cut costs and improve competitiveness.

flag Global oil company BP plans to lay off over 4,000 workers by 2025, including 3,000 contractor roles, to save over $2 billion by 2026. flag This cost-cutting measure affects about 5% of BP's 90,000-strong workforce and follows a 16% drop in company shares in 2024. flag BP aims to strengthen its competitiveness and reduce costs. flag The company has not detailed how the layoffs will be distributed globally.

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