BP to cut 10,000 jobs worldwide amid virus pandemic Energy company BP says it will cut its global workforce by 10,000 jobs amid the ongoing impact of the COVID-19 pandemicLONDON -- Oil and gas company BP announced Monday that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the energy industry. Chief Executive Bernard Looney said that the cuts will affect office-based roles in BP's global workforce of 70,000 people and come mostly this year. Supply of oil and gas was particularly high when the outbreak began, creating a perfect storm for the industry. “To me, the broader economic picture and our own financial position just reaffirm the need to reinvent BP,'' Looney said in the email. “BP and the other European-based international companies have already said they will become less focused on oil and gas over time,'' he said.

Source: ABC News June 08, 2020 12:13 UTC