New Jersey Layoffs — August 2024

Employers in New Jersey filed 18 WARN Act notices in August 2024, impacting roughly 2,766 workers — representing a notable rise over July and up 8% versus August 2023. The average filing covered 154 workers, with 0 closures among the notices.

18
Notices Filed
2,766
Workers Affected
154
Avg per Notice
0
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance2222

The Finance & Insurance sector led the way in workforce reductions with 222 workers across 2 notices.

Geographic Hotspots

CountyNoticesWorkers
Bergen4480
Passaic3467
Somerset1100
Monmouth169

Bergen absorbed the greatest share of layoffs, accounting for 17% of all affected workers with 480 workers across 4 notices.

CityNoticesWorkers
Monroe2826
Teterboro4480
Wayne3467
Robbinsville3464
Mt. Laurel2222

Layoff Type Analysis

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

Largest Layoffs

CompanyCityWorkersTypeDate
Pitney BowesMonroe4132024-08-01
Pitney Bowes IncMonroe4132024-08-16
Furnishare IncTeterboro1712024-08-01
Furnishare IncTeterboro1712024-08-22
Metropolitan YMCAWayne1572024-08-01
S&S ActivewearRobbinsville1562024-08-01
Metropolitan YMCAWayne1552024-08-01
Metropolitan YMCAWayne1552024-08-03
S&S ActivewearRobbinsville1542024-08-01
S&S ActivewearRobbinsville1542024-08-30
Fulton BankMt. Laurel1112024-08-01
Fulton BankMt. Laurel1112024-08-30
At&TBedminster1002024-08-01
Kaiyo (Furnishare Inc)Teterboro692024-08-01
iCIMS692024-08-01

The single largest action involved Pitney Bowes at its Monroe facility, reporting 413 affected workers. Pitney Bowes Inc followed with 413 workers.

Trend & Outlook

After a dip last month, layoff activity has ticked back up.

The data underscores mounting pressure on the New Jersey labor market, with activity running above both recent and year-ago benchmarks. 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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