St. John's, Newfoundland

The Newfoundland and Labrador Folk Arts Society shut down its offices and laid off all remaining staff in November 2025 under previous management. A newly installed board of directors is now attempting to revive the struggling organization, which has accumulated tens of thousands of dollars in debt.

Memorial University announced a restructuring effective March 1, 2026, reducing the number of vice-president positions from seven to three, resulting in one employee being laid off. The position of vice president, external relations and advancement, held by Lisa Browne, was eliminated as part of the university's response to a $24-25 million deficit caused by declining enrollment and rising costs.

Memorial University announced major budget cuts on July 25, 2025, including 20 staff layoffs and the closure of several departments to address a $20 million budget shortfall. The university is also reducing contract teaching positions through non-renewal of contracts rather than mass layoffs, with $3.9 million allocated to fund up to 363 additional course sections during the transition.

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.