09:27 AM EST, 11/07/2025 (MT Newswires) -- Newmont ( NEM ) has cut about 16% of its workforce as part of a restructuring following the acquisition of Australian miner Newcrest, Reuters reported Friday, citing an internal memo.

In the final stage of the cost and productivity plan, Newmont ( NEM ) cut jobs by roughly 12% at "Level of Work 2," which includes superintendents, leads and specialists, and by around 10% at "Level of Work 1," covering advisors, officers, operators, and maintainers, according to the memo.

Newmont ( NEM ) employees were told that the restructuring was completed a month ahead of schedule to ease job uncertainty concerns, Reuters reported.

Newmont ( NEM ) did not immediately respond to MT Newswires' request for comment.

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