Oil major BP to cut 700 jobs as it streamlines operations: Report
- Posted on July 30, 2026
- By Business News Today
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- 1 min read
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Oil major BP to cut 700 jobs as it streamlines operations: Report
BP plans to cut approximately 700 non-frontline global workforce roles. These reductions will impact about eight percent of production and operations positions. The company does not expect changes to its frontline operators and maintenance teams. BP is simplifying operations to reduce debt and boost profits. This restructuring follows a reorganization into two business segments.
