No Result
View All Result
Advertise With Us
Allwork.Space
Explore Newsletters
  • Latest News
  • Leadership
  • Work-life
  • Coworking
  • Design
  • Career Growth
  • Tech
  • Workforce
  • CRE
  • Business
  • 🗣️Expert Voices
  • 🛒Product Reviews
  • 🌎Coworking Spotlights
  • 🎙️The Future Of Work Podcast
  • 🔎The Future of Work Urban Dictionary
Allwork.Space logo
No Result
View All Result
Explore Newsletters
Allwork.Space
  • Home
  • News
  • Leadership
  • Work-life
  • Coworking
  • Design
  • Workforce
  • Tech
  • CRE
  • Business
  • Podcast
  • Career Growth
  • Newsletters
Advertisements
Home News

BP To Cut 700 Corporate Jobs In Push To Boost Profits And Returns

The company is reorganizing its global workforce as it simplifies its structure and refocuses on oil and gas.

Allwork.Space News TeambyAllwork.Space News Team
July 30, 2026
in News
Reading Time: 1 min read
A A
BP To Cut 700 Corporate Jobs In Push To Boost Profits And Returns

The BP logo is seen on gasoline pumps at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File Photo

BP plans to cut about 700 of its non-frontline global workforce, according to an internal email seen by Reuters, as the oil major sharpens its operational focus to bolster profits and returns.

The reductions would impact around 8% of the 8,500 non-frontline roles that historically were part of the company’s production and operations business, the email showed. Frontline roles include operators, technicians and maintenance roles, and BP said in the email it did not expect any material change to those teams. 

Advertisements

“If your role is affected, that could mean that it does not exist in the new organization, changes materially, or moves into a different part of the organization,” the email said.

 BP has been intensifying efforts to simplify its operations in a bid to reduce debt, boost profit and refocus on its oil and gas businesses, after scaling back its investment in renewable energy. Since CEO Meg O’Neill took over in April, BP reorganised into two business segments — upstream and downstream — from three and the new structure went into effect at the start of this month.

Advertisements

As of 2025, BP had 93,700 employees and operated across 61 countries, according to its annual report. 

“We are building a simpler, stronger, more valuable BP. As part of this process, we are proposing changes that would result in a reduction in roles,” a BP spokesperson told Reuters without confirming the number of jobs that will be cut.

Upstream Online reported the news earlier on Thursday. 

(Reporting by Stephanie Kelly in London and Raechel Thankam Job in Bengaluru; Editing by Diti Pujara, Susan Fenton and Tomasz Janowski)

Advertisements
Workspace Geek - Coworking Management Made Simple
Advertisements
Source: Reuters
Tags: North AmericaWorkforce
Share5Tweet3Share1
Allwork.Space News Team

Allwork.Space News Team

The Allwork.Space News Team is a collective of experienced journalists, editors, and industry analysts dedicated to covering the ever-evolving world of work. We’re committed to delivering trusted, independent reporting on the topics that matter most to professionals navigating today’s changing workplace — including remote work, flexible offices, coworking, workplace wellness, sustainability, commercial real estate, technology, and more.

Other Stories Recommended For You

The Office Comeback Faces One Big Problem: Workers Still Aren't Showing Up
News

The Office Comeback Faces One Big Problem: Workers Still Aren’t Showing Up

byAllwork.Space News Team
46 minutes ago

Employers want workers back, but many offices still aren't meeting expectations.

Read more
Office Leasing Is On Pace For A Record Year As Vacancy Falls At Fastest Rate Since 2015

Office Leasing Is On Pace For A Record Year As Vacancy Falls At Fastest Rate Since 2015

56 minutes ago
Why The Future Of Work May Require A Digital Double Life

Why The Future Of Work May Require A Digital Double Life

8 hours ago
S&P 500 Board Appointments Of Women And Minorities Fall To Lowest Level Since 2014

S&P 500 Board Appointments Of Women And Minorities Fall To Lowest Level Since 2014

24 hours ago
Advertisements
Advertisements

The Future of Work® Newsletter helps you understand how work is changing — without the noise.

Choose daily or weekly updates to stay current, and monthly editions to explore worklife, work environments, and leadership in depth.

Trusted by 22,000+ leaders and professionals.

2026 Allwork.Space News Corporation. Exploring the Future Of Work® since 2003. All Rights Reserved

Advertise  Submit Your Story   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Urban Dictionary
  • About Us
  • Advertise | Media Kit
  • Submit Your Story
Newsletters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00