Oil major BP is set to sack about 10,000 workers worldwide.
It said the employees are expected to leave the company by December 31.
In an email to 70,000 workers last June, BP chief executive Bernard Looney said: “We will now begin a process that will see close to 10,000 people leaving BP – most by the end of this year.
“The majority of people affected will be in office-based jobs.
“We are protecting the front line of the company and, as always, prioritising safe and reliable operations.”
BP said the cuts – which equate to 15% of its global workforce – follow a significant drop in demand as a result of the coronavirus pandemic.
The company has also now signed a $5billion deal to sell its global petrochemicals business to oil giant INEOS.
It said the sale will be “the next strategic step in reinventing BP”.
INEOS already operates across 180 sites in 26 countries, employing some 22,000 staff worldwide.
It is understood that around 1,700 BP employees will transfer to INEOS on completion of the sale.