Newfoundland

ExxonMobil announced a global restructuring plan that will cut 2,000 jobs worldwide, with some positions being eliminated in Newfoundland and Labrador. The company stated that ExxonMobil Canada will see a reduction of approximately 20 percent of positions by the end of 2027, though the exact number of N.L. job losses was not disclosed.

Memorial University announced major budget cuts in July 2025 that resulted in 20 layoffs due to declining enrolment and a $6 million revenue loss. The university also eliminated the operating budget of the Harris Centre as part of efforts to address financial sustainability challenges.

Serco, the private company operating 5 Wing Goose Bay military base in Newfoundland and Labrador, laid off five civilian employees including a customer service manager, mechanic, supply operative, workforce planner and HR coordinator. The layoffs were announced despite the federal government's recent commitment to increase defence spending by $81.8 billion over the next five years.