Newmont Announces Major Workforce Reduction in Strategic Overhaul

The world’s largest gold producer has initiated a substantial corporate restructuring that will eliminate approximately 16% of its global workforce. Newmont Mining’s decisive move forms part of a comprehensive strategy to integrate its recent acquisition of Australian competitor Newcrest and enhance operational efficiency across the expanded organization.

Internally designated “Project Catalyst,” this reorganization has reached completion one month ahead of schedule. Company leadership indicates the accelerated timeline aims to minimize employee uncertainty while rapidly implementing cost reduction measures and productivity improvements. The workforce reduction affects thousands of positions from Newmont’s approximately 22,200 employees recorded at the end of 2024, excluding contractors.

The restructuring disproportionately impacts mid-level management roles, with superintendent, lead, Read more...