BP Will Lay Off 500 Workers In Houston -- March 29, 2016

Rigzone is reporting:

BP plc, headquartered in the UK, has announced it will lay off 500 of its workers in Houston. According to a letter to the Texas Workforce Commission, the oil and gas super major will lay off many of the employees beginning in early June and affected employees will receive written notice at least 60 days ahead of their separation date.

The Houston workforce reductions are part of BP’s larger plan to cut 4,000 jobs globally in its upstream segment in 2016.