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BP Plans to Cut 700 Jobs Worldwide in Major Cost-Cutting Drive

Nurul Darari by Nurul Darari
July 31, 2026
in Business
Reading Time: 2 mins read
BP Plans to Cut 700 Jobs Worldwide in Major Cost-Cutting Drive

BP Plans to Cut 700 Jobs Worldwide in Major Cost-Cutting Drive

Jakarta, ThedailyID — British energy giant BP plans to cut around 700 non-frontline jobs worldwide as part of a broader effort to simplify its organization, improve profitability, and strengthen its core oil and gas business.

The proposed layoffs were outlined in an internal email sent on Thursday, July 30. The reduction would affect about 8% of BP’s 8,500 non-frontline positions within its production and operations division.

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The company said frontline roles, including operators, technicians, and maintenance workers, will remain largely unaffected.

“If your position is impacted, it may mean the role no longer exists in the new organization, has changed materially, or has moved to another part of the business,” the internal email said, according to Reuters.

The restructuring forms part of BP’s strategy to streamline operations, reduce debt, increase profits, and deliver stronger returns for shareholders. The company has also shifted its focus back toward oil and gas after scaling back investments in renewable energy.

Since Meg O’Neill became CEO in April, BP has reorganized its business into two main divisions, upstream and downstream. The new structure took effect earlier this month.

According to BP’s latest annual report, the company employed approximately 93,700 people across 61 countries at the end of 2025.

A BP spokesperson confirmed the company is proposing organizational changes that could reduce its workforce but did not verify the reported figure of 700 positions.

“We are building a simpler, stronger, and higher-value BP. As part of that process, we are proposing changes that will result in a reduction in some roles,” the spokesperson told Reuters.

Industry publication Upstream Online first reported the planned workforce reduction.

Tags: BPBusinessenergylayoffsMeg O'Neilloil and gasThedailyIDWorkforce
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