Market Chatter: Newmont Cuts Two Dozen Middle Manager Positions in Latest Corporate Workforce Reduction

MT Newswires Live

Dec 11, 2024

Newmont (NEM) laid off at least two dozen corporate employees to reduce costs, Bloomberg reported Tuesday, citing people familiar with the matter.

The latest layoffs impacted the sustainability division and other recently merged teams and included positions with general manager and director titles, the people reportedly said.

The cuts are in addition to the previously reported reduction of at least 10 senior managers and an executive, according to the news outlet.

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

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 41.65, Change: -0.08, Percent Change: -0.20

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 41.65, Change: -0.08, Percent Change: -0.20</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0788108826.HKD","symbol_name":"BGF WORLD GOLD \"A2\" (HKDHGD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2490028125","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490028125","pubTimestamp":1733861071,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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