Barrick Gold (ABX) will reportedly lay off up to a third of corporate employees at its...

|About: Barrick Gold Corporation (ABX)|By:, SA News Editor

Barrick Gold (ABX) will reportedly lay off up to a third of corporate employees at its headquarters in Toronto and a few other offices. More than 400 workers are considered corporate staff, with most of them located out of Toronto. The HQ job cuts come as Barrick reduces headcount at it mine sites amid falling gold prices, and amid operational and regulatory issues.