BP raises prospect of more job losses as AI drives efficiency

New BP chair Albert Manifold to ‘review entire portfolio’

BP said its new chairman, Dubliner Albert Manifold, will conduct a review of the entire portfolio and the company will seek to cut costs beyond its current targets, as the oil and gas major works to reverse years of poor performance.

BP increases staff cuts to 6,200 and signals further possible reductions

BP has revealed an extra 1,500 jobs and 1,200 contractor roles are being axed across its global workforce by the end of the year and signalled possible further cuts as it ramps up cost savings.

BP increases staff cuts to 6,200, signals further possible reductions

LONDON: BP will reduce an extra 1,500 jobs and 1,200 contractor roles across its global workforce by the end of the year and signalled possible further cuts as it ramps up cost savings, reported PA Media/dpa. © New Straits Times Press (M) Bhd

BP announces 1,500 more staff cuts and signals further possible reductions - Manchester Evening News

About 15% of BP's office-based workforce will now be cut by the end of the year

BP raises spectre of hundreds more job losses as City gives verdict on turnaround plans

“After years of mixed signals, BP is now showing it can balance near-term performance with long-term potential” – Lale Akoner, eToro

BP raises prospect of more job losses as AI drives efficiency

BP has signalled an accelerated effort to bring down costs ahead, refusing to rule out further job losses as artificial intelligence (AI) technology helps drive efficiencies.