One of the world's biggest oil companies is cutting thousands of jobs
BP is cutting jobs to reduce costs.
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- BP is cutting thousands of jobs, the oil giant announced on Thursday.
- The cuts will affect 4,700 staff positions and 3,000 contractor roles.
- BP said it was part of a program to "simplify and focus" the oil giant.
Oil giant BP is cutting thousands of jobs, the company announced on Thursday.
Some 4,700 positions will be eliminated, while the number of contractors will be reduced by 3,000, it said in a statement sent to Business Insider.
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