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New Jersey Layoffs — July 2023

Employers in New Jersey recorded 18 WARN Act notices in July 2023, covering approximately 1,033 workers — marking a sharp increase from June and up 134% versus July 2022. The average filing covered 57 workers, with 0 closures among the notices.

18
Notices Filed
1,033
Workers Affected
57
Avg per Notice
0
Closures

Industry Breakdown

Industry breakdown for New Jersey
IndustryNoticesWorkers
Retail11578
Finance & Insurance3197
Information & Technology1133
Healthcare163
Manufacturing262

The Retail sector accounted for the largest share of job cuts with 578 workers across 11 notices. At the same time, Finance & Insurance reported 197 workers.

Geographic Hotspots

Top counties by layoff notices
CountyNoticesWorkers
Ocean3241
Union1143
Camden2125
Essex2109
Morris289

Ocean felt the sharpest impact, accounting for 23% of all affected workers with 241 workers across 3 notices.

Top cities by layoff notices
CityNoticesWorkers
Springfield1143
Jackson1133
Cherry Hill2125
Newark2109
Jersey City163

Layoff Type Analysis

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

Largest Layoffs

Largest layoff notices
CompanyCityWorkersTypeDate
Christmas Tree Shops - Location 1Springfield143
AccessoJackson133
TD BankCherry Hill88
JP Morgan Chase BankJersey City63
Xtend HealthcareNewark63
Christmas Tree Shops - Location 2Brick61
Christmas Tree Shops - Location 10Woodland58
Christmas Tree Shops - Location 6Freehold51
Intercept PharmaceuticalsMorristown49
Christmas Tree Shops - Location 8Paramus48
Ahold eCommerce SalesLakewood47
Prudential FinancialNewark46
Christmas Tree Shops - Location 3Bridgewater40
Christmas Tree Shops - Location 9Rockaway40
Christmas Tree Shops - Location 4Cherry Hill37

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

Trend & Outlook

This marks the third consecutive month of rising layoff activity.

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