BP increases 2025 job cuts to 6,200, up from 4,700 announced in January.
HOUSTON — London-based BP PLC (NYSE: BP), which has its U.S. headquarters in Houston, has increased its expected job cuts for this year by about 1,500 jobs.
After announcing in January it would lay off about 5% of its workforce — affecting about 4,700 jobs — CFO Kate Thomson said during the company’s second-quarter earnings call that now about 6,200 jobs are expected to be impacted by the end of the year, a nearly 32% increase.
Those impacted jobs are out of an office-based workforce of about 40,000 employees, and most of the cuts are expected to take place in the fourth quarter, she added. The Houston Business Journal has reached out to BP to confirm if all 6,200 impacted jobs will be office jobs, and how many jobs could be cut in Houston.
The Bayou City is home to BP’s U.S. headquarters, its Center for High-Performance Computing and other operations. About 4,000 BP employees are based in the Houston area, the company’s largest employee base in the world, according to BP’s website.
Continue reading this story on the Houston Business Journal’s website.
This story came to us through our partnership with the Houston Business Journal. Keep up with the latest Houston business headlines here.