April 2026
De Beers confirmed layoffs affecting approximately 5% of employees at the Gahcho Kué diamond mine in the Northwest Territories. The workforce reduction was announced in February 2026 due to weak market conditions and a decision to pause expansion plans at the mine.
February 2026
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.