Gold Fields layoffs, on the record
Every job cut, severance charge and restructuring Gold Fields reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 6,297 to 6,560.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | 6,297 | 2023 |
| 20-F for 2024 | 6,560 | 31 December 2024 |
Job cuts, severance and restructuring
Our summaryAbout 20% of the Ghana workforce at Damang and Tarkwa was retrenched as the two mines' management teams were combined and Damang moved toward closure.
Word for word“Because of this, about 20% of the workforce was retrenched at the beginning of 2023.” 20-F for 2023
Our summaryRestructuring costs were recorded for separation packages at Tarkwa, Damang and St Ives.
Word for word“Restructuring costs decreased by 27% from US$11 million in 2022 to US$8 million in 2023.” 20-F for 2023
Our summarySeparation packages were paid at Tarkwa, amounting to US$1.6 million in 2023.
Word for word“The restructuring costs in 2023 comprise mainly separation packages at Tarkwa amounting to US $ 1.6 million ( 2022 : US $ 8.7 million and 2021 : US $ 1.3 million ), Damang of US $ 5.5 million ( 2022 : US $ 2.6 million and US$ nil ) and St Ives of US $ 0.7 million ( 2022 : US$ nil and 2021 : US$ nil million ).” 20-F for 2023
Our summaryGold Fields recorded restructuring costs of US$7 million in 2024, mainly separation packages at Tarkwa and Damang.
Word for word“Restructuring costs decreased by 13% from US$8 million in 2023 to US$7 million in 2024.” 20-F for 2024
Our summarySeparation packages were paid at Tarkwa, Damang and Australia as part of restructuring costs.
Word for word“The restructuring costs in 2024 comprise mainly separation packages at Tarkwa amounting to US $ 3.6 million ( 2023 : US $ 1.6 million and 2022 : US $ 8.7 million ), Damang of US $ 0.4 million ( 2023 : US $ 5.5 million and US$ $ 2.6 million ) and Australia of US $ 1.8 million ( 2023 : US $ 0.7 million and 2022 : US$ nil million ).” 20-F for 2024
Our summaryGold Fields refined its organisational structure, moving from a three-layered regional model to a two-layered functional guidance structure during 2024.
Word for word“Changes in the organisational structure during 2024 and the transition from a three-layered regional model to a two-layered, functional guidance organisational structure” 20-F for 2024
Our summarySouth Deep underwent an organisational restructuring that included a reduced workforce as part of its ramp-up plan.
Word for word“Since 2019, South Deep has recalibrated its operating model via an organisational restructuring and modernisation focus that has included a reset of the production schedule until the late 2020s.” 20-F for 2024
Our summaryRestructuring costs rose to about US$10 million in 2025, mainly for separation packages in Ghana.
Word for word“Restructuring costs Restructuring costs increased by 43% from US$7 million in 2024 to US$10 million in 2025.” 20-F for 2025
Gold Fields has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Gold Fields’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-30. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.