BP (BP) layoffs are likely to occur due to low oil prices.

According to Reuters, the BP layoffs will include middle management. Brian Gilvary, BP’s finance director, said said the company will start seeing less people in many areas when the job cuts take place. The low oil prices have also resulted in some of the company’s projects being delayed.

It’s unknown exactly how many employees could be affected by the BP layoffs. The company currently employs 84,000 people across the world. It plans to announce more details regarding the job cuts on Wednesday, reports BBC News.

The low oil prices being attributed to the possible BP layoffs started after the summer. Since summer, Brent Crude oil has dropped 35%. Last week it had a price a little above $68 a barrel, The Sunday Times notes.

BP shares were down 2% as of Noon Monday.

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