New Jersey Layoffs — January 2024
Employers in New Jersey reported 21 WARN Act notices in January 2024, displacing an estimated 2,209 workers — signaling an acceleration from December and down 17% versus January 2023. The average filing covered 105 workers, with 0 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Retail | 5 | 664 |
| Finance & Insurance | 5 | 484 |
| Healthcare | 3 | 339 |
| Information & Technology | 3 | 285 |
| Manufacturing | 3 | 276 |
| Wholesale Trade | 1 | 154 |
| Education | 1 | 7 |
The Retail sector topped the list of affected industries with 664 workers across 5 notices. Notably, Finance & Insurance reported 484 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Hudson | 3 | 611 |
| Mercer | 6 | 455 |
| Bergen | 3 | 320 |
| Morris | 2 | 170 |
| Somerset | 1 | 160 |
Hudson was the epicenter of layoff activity, accounting for 28% of all affected workers with 611 workers across 3 notices.
| City | Notices | Workers |
|---|---|---|
| Jersey City | 2 | 374 |
| Teterboro | 2 | 240 |
| Hoboken | 1 | 237 |
| Lawrenceville | 2 | 196 |
| Baskin Ridge | 1 | 160 |
Layoff Type Analysis
Layoff type classification was not available for filings in New Jersey this month.
Largest Layoffs
The most significant filing came from Walmart at its Hoboken facility, reporting 237 affected workers. Citibank n/A, Citigroup Global Markets Inc., Citigroup Technology Inc., Citishare followed with 187 workers.
Trend & Outlook
After a dip last month, layoff activity has ticked back up.
The numbers illustrate a mixed picture for New Jersey's labor market, with activity diverging between monthly and annual comparisons. 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.