New Jersey Layoffs — December 2023
Employers in New Jersey logged 3 WARN Act notices in December 2023, involving roughly 567 workers — falling below November and up 3% versus December 2022. The average filing covered 189 workers, with 0 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 2 | 488 |
| Manufacturing | 1 | 79 |
The Finance & Insurance sector dominated layoff filings with 488 workers across 2 notices. Meanwhile, Manufacturing reported 79 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Morris | 3 | 567 |
Morris felt the sharpest impact, accounting for 100% of all affected workers with 567 workers across 3 notices.
| City | Notices | Workers |
|---|---|---|
| Whippany | 2 | 488 |
| Parsippany | 1 | 79 |
Layoff Type Analysis
Layoff type classification was not available for filings in New Jersey this month.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Barclays Service | Whippany | 244 | ||
| Barclays | Whippany | 244 | ||
| Ferring Pharmaceuticals | Parsippany | 79 |
The biggest impact was at Barclays Service at its Whippany facility, reporting 244 affected workers. Barclays followed with 244 workers.
Trend & Outlook
This data points to 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.