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British energy giant BP Group will lay off 10,000 employeesBritish oil giant BP Group announced on June 8 that it will lay off 10,000
employees worldwide due to the new crown pneumonia epidemic.
BP Group chief executive Bernard Looney said the restructuring would "severely" affect senior positions, with the top 400 management positions expected to be cut by 1/3
.
According to BP's first-quarter 2020 results disclosed in April, the company's first-quarter net profit fell 67% year-on-year, and the company's full-year capital expenditure budget will be cut by 25% to about $12 billion for the
full year.