New Jersey Layoffs — July 2023

Employers in New Jersey submitted 30 WARN Act notices in July 2023, putting at risk an estimated 1,181 workers — down from June and up 168% versus July 2022. The average filing covered 39 workers, with 0 closures among the notices.

30
Notices Filed
1,181
Workers Affected
39
Avg per Notice
0
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance3197
Healthcare263
Manufacturing249

The Finance & Insurance sector emerged as the hardest-hit sector with 197 workers across 3 notices. Separately, Healthcare reported 63 workers.

Geographic Hotspots

CountyNoticesWorkers
Ocean5349
Union1143
Somerset393
Morris289
Hudson163

Ocean bore the heaviest burden, accounting for 30% of all affected workers with 349 workers across 5 notices.

CityNoticesWorkers
Springfield1143
Jackson1133
Brick2122
Lakewood294
Bridgewater393

Layoff Type Analysis

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

Largest Layoffs

CompanyCityWorkersTypeDate
Christmas Tree Shops - Location 1Springfield1432023-07-01
Accesso LLCJackson1332023-07-01
TD BankStatewide882023-07-01
JP Morgan Chase BankJersey City632023-07-01
Xtend Healthcare LLCRemote632023-07-01
Chistmas Tree Shops - Location 2Brick612023-07-01
Christmas Tree Shops - Location 2Brick612023-07-01
Christmas Tree Shops - Location 10Woodland582023-07-01
Christmas Tree Shops - Location 6Freehold512023-07-01
Intercept Pharmaceuticals IncMorristown492023-07-01
Christmas Tree Shops - Location 8Paramus482023-07-01
Ahold eCommerce Sales Company LLC locatedLakewood472023-07-01
Ahold eCommerce Sales Company LLCLakewood472023-07-01
Prudential Financial IncNewark462023-07-01
Chistmas Tree Shops - Location 3Bridgewater402023-07-01

Topping the list was Christmas Tree Shops - Location 1 at its Springfield facility, reporting 143 affected workers. Accesso LLC followed with 133 workers.

Trend & Outlook

These figures highlight a mixed picture for New Jersey's labor market, with activity diverging between monthly and annual comparisons. The Finance & Insurance 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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