Energy Giant BP To Cut Nearly 8,000 Jobs Worldwide
1. BP announced 4,700 job cuts, over 5% of its workforce. 2. CEO Auchincloss aims for $2 billion in cost reductions by 2026. 3. BP scaled back its 2030 emissions cut target to 20-30%. 4. Current share price remains down 5% since last year. 5. Market reacted positively, shares rose by 1.34% post-announcement.