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Get the free app no ads · no paywallBusiness · 31 July 2026
Oil giant BP is reducing its global workforce by about 8% in non-frontline roles, aiming to simplify its structure. BP is trying to reduce debt and boost profits because of an oversupply of oil, which causes market prices to fall. BP has also recently scaled back its investment in renewable energy.
Reported by The Sun · How we write briefs
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