Layoffs Canada

De Beers Layoffs 2026 — 25 Jobs Cut in Northwest Territories, Canada

25
employees affected
Media Report

De Beers has begun workforce reduction talks with approximately 5% of employees at the Gahcho Kué diamond mine in the Northwest Territories, affecting around 25 workers out of the mine's 500-person workforce. The layoffs result from the company's decision to pause the Tuzo Phase 3 expansion project due to challenging rough diamond trading conditions and market uncertainty.

Announced Date
February 20, 2026
Effective Date
April 2, 2026
Province
Northwest Territories
City
Yellowknife
Industry
Energy
Laid Off
25
Percentage
5%
Organization Type
private
Source
News Media
Organization
De Beers

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Sources (3 articles)

Gahcho Kué co-owner reports about $280M net loss in 2025

CBC·Apr 2, 2026

De Beers confirms workforce reduction talks underway at Gahcho Kué

CBC·Feb 20, 2026

De Beers begins workforce reduction talks at Gahcho Kué after expansion pause

jewellerybusiness.com·Feb 23, 2026