More than 800 layoffs and relocations have been announced this month in New Jersey’s Worker Adjustment and Retraining Notification (WARN) notice list.
Retail and banking took heavy hits in this latest round of layoffs, representing 323 and 216 dismissals, respectively.
JPMorganChase: 120 employees
JPMorganChase is expected to terminate 120 workers at its Jersey City office on or near May 3. JPMorgan has not responded to ROI-NJ’s request for additional information.
The news follows the Jersey City office experiencing a grueling summer last year with over 400 layoffs. The company laid off at least 147 employees in 2024 and less than half of that in 2023, marking an uptick in 2025. It is not yet known whether 2026 layoffs will continue along a similar trend to those in 2025 or if they will sink back down to previous years’ numbers.
Target: 107 employees
Target appears to be cutting back its Central and South Jersey operations on or near May 17. In Burlington, Gloucester, Middlesex, and Monmouth counties, 107 employees are expected to be impacted by layoffs. Target has not replied to ROI-NJ’s request for further details.
The company saw CEO Michael Fiddelke take the helm earlier this month. Across the country, an internal memo acquired by multiple news outlets revealed that Target announced approximately 500 layoffs after Fiddelke’s first week on the job.
GMRI, Inc.: 98 employees
It’s official—the last Bahama Breeze in New Jersey, located in Cherry Hill, is closing. GMRI, Inc., which operates many restaurants owned by Darden Restaurants, Inc., announced that 98 employees will be terminated on April 5.
On February 3, Darden revealed that 28 Bahama Breeze locations across the country would either close or be converted to other Darden-owned restaurants. Darden previously announced that the Bahama Breeze brand was no longer a strategic priority for the company. The 14 Bahama Breeze locations due for closure, including the one in Cherry Hill, will remain open and operational through April 5.
The company aims to “[place] as many team members as possible in other Darden brands,” a Darden spokesperson confirmed.
Valley National Bank: 96 employees
Valley National Bank is expecting layoffs to impact 96 employees at its corporate headquarters in Morristown. Terminations will take place on or between May 4 and September 25.
In records obtained by ROI-NJ’s OPRA request, Valley cited “business necessity due to a restructuring of operations” as the reason for the layoffs. This month’s layoffs at Valley come after the bank laid off 59 employees last summer for the same reason.
“The actions are the result of a restructuring to reflect changes in our operating environment which are necessary to position the bank for long-term growth and value creation for our clients, associates, communities, and stakeholders,” a Valley spokesperson told ROI-NJ.
The spokesperson added that the company intends to support impacted employees through the transition.
Imperia Foods: 82 employees
Imperia Foods is due to lay off 82 employees at its Fairfield office on or between May 22 and September 1. Schuman Cheese, Imperia’s parent company, has not responded to a request for additional details on the matter.
Integra LifeSciences: 65 employees
Integra LifeSciences is expected to dismiss 65 employees at its Plainsboro office. According to records obtained by ROI-NJ, 63 employees will be dismissed on May 10, and the remaining two employees are due to be discharged on June 15. Twelve of the affected workers will be offered alternative employment within the company, with the option to accept reduced hours and responsibilities at similar or equivalent pay or to depart with severance.
A notice letter to Princeton Mayor Mark Freda cited efforts to optimize business operations as the reason for the layoffs. An Integra spokesperson added that the company is providing support to those impacted.
“These changes position the organization to focus on key growth areas and continue delivering for our customers and patients,” the spokesperson told ROI-NJ.
Eddie Bauer: 58 employees
Eddie Bauer is expected to terminate 58 employees in store locations across Bergen, Camden, Monmouth, Morris, and Somerset counties. Layoffs are scheduled on or between February 2 and May 15. Eddie Bauer has not replied to ROI-NJ’s request for further information.
The WARN notice comes after Eddie Bauer LLC announced on Monday that it would be shuttering its US and Canada operations as part of its chapter 11 bankruptcy process, according to a press release. Eddie Bauer stores not managed by Eddie Bauer LLC will continue their standard operations.
Saks & Company: 58 employees
Saks & Company will be shutting down its Saks Fifth Avenue location in East Rutherford at American Dream. The closure is expected to result in the dismissal of 58 employees.
“As part of Saks Global’s ongoing evaluation of its physical footprint, we have made the decision to close select Saks Fifth Avenue and Neiman Marcus locations, including the Saks Fifth Avenue American Dream location, based on a number of factors, including performance and lease economics,” a Saks Global spokesperson told ROI-NJ.
The announcement follows the company’s statewide layoffs of 69 employees revealed in January, the same month that holding company Saks Global Holdings LLC voluntarily entered a chapter 11 bankruptcy process. Statewide layoffs are expected to take effect May 4, except for the East Rutherford location, which is due for layoffs on May 11.
Spectra Laboratories: 57 employees
Spectra Laboratories announced that 57 employees would be terminated from its Rockleigh office on or between April 7, April 28, and May 8.
A spokesperson from Fresenius Medical Care, Spectra’s parent company, confirmed that the move is a continuation of Quest Diagnostics’ acquisition of select Spectra assets.
“We recognize the impact on affected employees and are committed to supporting them through this transition,” Fresenius wrote in a statement to ROI-NJ.
Walmart: 100 employees
Walmart appeared on WARN notices this month as well, but unlike the other companies on this list, the company is aiming to relocate 100 workers to offices in Bentonville, Arkansas, or in the San Francisco Bay Area, on May 1. Affected workers include those who work remotely but have the Hoboken location designated as their home office.
Those who do not relocate or enter new roles within the company face termination. Employees impacted by the announcement were informed on January 29, according to a notice letter penned to Hoboken Mayor Emily Jabbour.
The move out of Hoboken was motivated by an effort to consolidate teams in person, according to a Walmart spokesperson. Despite the announcement, Walmart confirmed that corporate investments will still be made into the Hoboken office.
“It comes down to just driving speed [and] driving collaboration,” a Walmart spokesperson told ROI-NJ. “We know that our culture is a competitive advantage, and we know that that’s fostered by being together in person.”
WARN notices referenced in this article are updated as of February 12.
