Layoffs are surging in New Jersey in July, with more than 2,400 cuts announced as job losses continue to mount in the state in 2026 amid economic strains.
Nearly 12,000 layoffs have been announced in the Garden State as of July 21, according to Worker Adjustment and Retraining Notification Act (WARN) notices published by the state Department of Labor.
That is nearly 3,500 more job losses than announced in the state in the first seven months of 2025, when 8,434 layoffs were announced.
New Jersey's unemployment rate sits at 4.5 percent through June, according to the federal Bureau of Labor Statistics, unchanged from May. It is three-tenths of a percentage point higher than the federal unemployment rate of 4.2 percent.
The July layoffs include large cuts at Samsung, Novartis, Mars Wrigley and Verizon, which together account for 1,650 jobs to be cut by mid-October.
Samsung Electronics is cutting 739 positions as it moves its headquarters from Englewood Cliffs to Texas. The majority of those people have received relocation offers, Reuters reported.
Samsung also cut 179 positions at its Samsung SDS Ridgefield Park location, which is the company's cloud computing and digital logisitics subsidiary. Those layoffs are also tied to the relocation of the company's headquarters, according to Investing.com.
They also come as Samsung forecast "a 19-fold jump" in second-quarter operating profit, Investing.com reported.
Verizon's latest round of cuts — 282 at its Basking Ridge location by mid-October — is on top of 191 job cuts at that site announced in June in a pair of notices. Verizon announced plans last year to cut more than 13,000 workers, primarily in management positions, to simplify its operations to serve customers better, Fox News reported.
Mars Wrigley, the candy maker best known for M&Ms, is cutting 307 jobs in Newark as it closes its headquarters and moves those operations to Chicago, according to Confectionary Production.
Other large cuts in July came from Novartis Pharmaceuticals, which is cutting 322 positions as of Oct. 2, and JP Morgan Chase, which is reduced its workforce by 179 jobs as of July 8, according to the WARN notices filed with the state.
The Worker Adjustment and Retraining Notification Act, or WARN, requires employers with 100 or more employees to provide 60 days’ advance written notice of plant closings or mass layoffs.
https://patch.com/new-jersey/across-nj/nj-job-cuts-surging-2-400-layoffs-announced-july
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