Skip to Content
Home  Blog  GIA Lays Off 151 Employees at Carlsbad Headquarters

GIA Lays Off 151 Employees at Carlsbad Headquarters

  • Blog-images/75174859599_346.png
LEAH MEIROVICH • 04-09-2023

The Gemological Institute of America (GIA) has cut some 20% of the workforce at its Carlsbad, California,  headquarters amid a prolonged slowdown in the industry.

In late July, the lab let 151 employees go, primarily in its laboratory, as well as some in corporate positions, Stephen Morisseau, the GIA’s director of communications, told Rapaport News Sunday. The lab made the layoffs as a result of a drop in the number of diamonds submitted for grading.

“Many organizations in the global gem and jewelry sector are experiencing a downturn due to economic conditions affecting the global gem trade,” Morisseau explained. “Due to those economic conditions, there has been a decline in demand for GIA’s gem identification and grading services, which led to the difficult decision to reduce staffing.”

The layoffs will bring the GIA’s total workforce in Carlsbad to 600, according to The San Diego Union-Tribune, which was the first to report the story. Globally, the lab has approximately 3,500 employees.

“The reductions will not affect our ability to advance our important consumer-protection mission, nor to meet the needs of our clients,” Morisseau added.

Image: The GIA headquarters in Carlsbad, California. (GIA)

Latest posts

Leave a comment

JAYKAR HOUSE, Plot No, 231-236, Pajwa Falia, Gotalawadi, Katargam, Surat, Gujarat 395004
+91 9825132931, 0261 2400200-2400300
+91 98250 22931
Jaykar House is a Centre for excellence in job work industry which is situated and established their business in the best suitable location in surat city, Surat city is a place where out of 10 diamonds around the world, 9 diamonds are processed from rough to polished over here.