The cuts are in addition to the previously reported reduction of at least 10 senior managers and an executive.

Newmont let go of nearly a dozen managers, including a member of its executive team, as part of a sweeping corporate overhaul, according to people familiar with the matter. The world’s top gold mining company initiated plans to dismiss one executive and at least 10 senior managers,

This move is part of Newmont's strategy to streamline operations following its acquisition of Newcrest Mining.

Newmont (NYSE:NEM) has cut nearly a dozen managers, including a member of its executive team, as part of a corporate overhaul, and the miner also told employees it plans to merge several business units in an effort to streamline its reporting structure,