06:40 AM EST, 01/16/2025 (MT Newswires) -- BP (BP) on Thursday confirmed in an email to MT Newswires that it plans to cut about 4,700 positions internally and 3,000 contractor jobs.

The energy giant said that the move is part of a multi-year program started last year to strengthen competitiveness and lower costs.

Bloomberg earlier reported that Chief Executive Officer Murray Auchincloss sent an email to BP employees informing them of the planned reduction, saying that the company will provide a range of support for those whose jobs may be at risk.