New Jersey Layoffs Spike in 2026 Across Banking and Tech Giants

April 10, 2026 | womb.com

New Jersey closed the first quarter of the year with a few thousand layoffs announced by some of the state's largest employers. 

By the end of March, JP Morgan Chase had announced two different rounds of layoffs, for a total of 254 employees on notice to find new work. 

It was far from the only financial services company to reveal new cuts.

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NJ SEED: The article lists companies and their numbers of layoffs but does not speculate about causes. Some companies, such as JP Morgan, may be moving large numbers of employees out of Mayor Mamdani’s New York City to Texas therefore having an impact on their back-office operations in NJ. Other job losses may be a result of growing use of AI.