“Significant Changes to Performance Culture”: BP to Cut 6,200 More Corporate Roles

What’s Going on at BP?

Global oil and gas giant BP is accelerating its internal restructuring — cutting 6,200 corporate jobs, or 15% of its office-based workforce, by year-end, Chief Financial Officer Kate Thompson confirmed during the company’s Q2 earnings call on Tuesday.

This marks a substantial increase from the 4,700 job cuts previously projected. The company is also set to eliminate 4,400 contractor roles by the end of 2025, up from an earlier estimate of 3,000.

• The cuts are part of BP’s effort to reduce structural costs by $2 billion before 2026.
• Over 60% of this year’s layoffs so far have come from BP’s customers and products segment, which includes its convenience store chains and energy-related services.
• So far, BP has achieved $1.7 billion in structural cost savings, including $400 million from corporate and overhead cuts.
• The company did not disclose layoffs by country or specific brands.

“Progress in our structural cost reduction program reflects the significant changes we have made to performance culture across the organisation to further embed discipline and accountability,” said Thompson.

What’s Driving the Changes?

The expanded layoffs come as BP doubles down on reducing costs and focusing on traditional energy production amid mixed returns from its low-carbon ventures.

Key areas impacted:

• Convenience stores: Part of the broader Customers and Products division, which is bearing the brunt of job cuts.
• EV charging, lubricants, bioenergy, and aviation midstream: Also housed under Customers and Products, but BP did not provide segment-specific figures.

Next Steps for BP Staff in Canada

If you lose your job while working for BP in Canada, understanding your legal rights is crucial.

Non-unionized employees are entitled to severance pay. This includes individuals working full-time, part-time, or hourly.

The amount you’re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.

📺 WATCH: Everything Non-Unionized Employees Need to Know About Severance Pay

Key Severance Facts:

• Compensation: Severance packages, which can be as much as 24 months’ pay, may include salary, bonuses, commissions, and other forms of compensation. Use our firm’s free Severance Pay Calculator to better understand your entitlements.
• Deadlines: You generally have up to 2 years from the date of your termination to review and negotiate severance offers.
• Action steps: Consult an employment lawyer at Samfiru Tumarkin LLP to ensure your severance package is fair and aligns with Canadian employment laws.

Lost Your Job at BP? Contact Us

If you’ve lost your job at BP for any reason, the experienced employment law team at Samfiru Tumarkin LLP can help.

Our employment lawyers in Ontario, Alberta, and BC have helped thousands of non-unionized employees get justice and full severance packages.

📞 Call us today at 1-855-821-5900 or request a consultation online.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.