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| Image: HR |
BP has announced plans to reduce its global workforce by 4,700 employees, representing over 5% of its total staff, as part of a cost-cutting strategy.
The company intends to streamline its operations and concentrate on core business areas to stay competitive in the challenging energy market. While BP has not specified which departments or regions will be most affected, employees have raised concerns about job security and the possibility of further layoffs.
The company has committed to providing support to those affected, including severance packages and job placement assistance.
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