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

flag Oil giant BP plans to lay off over 4,000 workers by 2025 as part of a cost-cutting measure to save over $2 billion by 2026. flag The layoffs, affecting about 5% of its workforce, include 3,000 contractor roles. flag This move follows a 16% drop in BP shares in 2024 and aims to strengthen competitiveness and build resilience. flag The company has not detailed how the layoffs will be distributed globally.

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