Newfoundland

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.

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.

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.