The company employs approximately 84,000 people, of which approximately 15,000 are in the UK.
BP plans to cut non-operations staff, including those in the back-office departments.
The Sunday Times cited BP finance director Brian Gilvary as saying: "What you’ll see with this simplification plan is that headcounts are starting to come down across all of our activities in upstream, downstream and in the corporate centres – essentially the layers above operations."
Following the oil spill in 2010, BP has divested approximately $40bn (£25.6bn) of the business.
BP spokesman Robert Wine said: "We have sold about a third of the business but we are still set up for being that bigger company that we used to be."
Wine said the company would potentially reduce staff at head office and back office but not at the front line operations.
In 2014, as the crude prices have dipped by almost 40%, the oil firm’s margins too have dropped, reports BBC News.
BBC quoted a BP spokesman as saying: "The fall in oil prices has added to the importance of making the organisation more efficient."
Image: The oil crude prices in 2014 have been reduced by almost 40%. Photo: Courtesy of Suwatpo/Freedigitalphotos.net.
