Based on news reporting.
Newmont Corporation has announced a significant reduction in its global workforce, cutting approximately 16% of its employees, which translates to around 1,600 positions. This decision is part of the company's strategy to streamline operations and improve efficiency amid challenging market conditions. The layoffs are expected to impact various departments across the organization, although specific locations and departments have not been detailed. Newmont's management indicated that these workforce adjustments are necessary to align with current business needs and to ensure the company's long-term sustainability.
Newmont Corporation cut 1,600 jobs as of October 1, 2023.
That is roughly 7.4% of the 21,700 people Newmont Corporation employs.
LayoffTalk has tracked 17 layoff events at Newmont Corporation since October 2023, affecting a combined 3,310 employees.
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