New Jersey Layoffs — November 2022

Employers in New Jersey submitted 7 WARN Act notices in November 2022, putting at risk an estimated 490 workers — up substantially from October and up 30% versus November 2021. The average filing covered 70 workers, with 0 closures among the notices.

7
Notices Filed
490
Workers Affected
70
Avg per Notice
0
Closures

Industry Breakdown

IndustryNoticesWorkers
Manufacturing1221
Finance & Insurance165

The Manufacturing sector emerged as the hardest-hit sector with 221 workers across 1 notice. Separately, Finance & Insurance reported 65 workers.

Geographic Hotspots

CountyNoticesWorkers
Morris3285
Ocean173
Essex165
Middlesex138
Passaic129

Morris saw the most concentrated activity, accounting for 58% of all affected workers with 285 workers across 3 notices.

CityNoticesWorkers
East Hanover3285
Lakewood173
Bloomfield165
South Plainfield138
Passaic129

Layoff Type Analysis

Layoff type classification was not available for filings in New Jersey this month.

Largest Layoffs

CompanyCityWorkersTypeDate
Novartis PharmaceuticalsEast Hanover2212022-11-01
Atlantic Coast Recycling Ocean LLCLakewood732022-11-01
Reverse Mortgage Funding LLCBloomfield652022-11-01
Novartis CorporationEast Hanover602022-11-01
Accurate Diagnostic LaboratoriesSouth Plainfield382022-11-01
Atlantice Coast Fibers LLCPassaic292022-11-01
Novartis Services IncEast Hanover42022-11-01

Topping the list was Novartis Pharmaceuticals at its East Hanover facility, reporting 221 affected workers. Atlantic Coast Recycling Ocean LLC followed with 73 workers.

Trend & Outlook

This marks the third consecutive month of rising layoff activity.

These figures highlight mounting pressure on the New Jersey labor market, with activity running above both recent and year-ago benchmarks. The Manufacturing sector warrants close attention heading into the next period.

This analysis is based on official WARN Act filings reported by New Jersey. The Worker Adjustment and Retraining Notification (WARN) Act requires employers with 100+ employees to provide 60-day advance notice of mass layoffs and plant closings. Data is updated daily by WARN Firehose. View all New Jersey WARN notices, browse layoffs by state, or download the full dataset.

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