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Several financial giants operating or based in New Jersey announced layoffs in March.

According to filings with the state Department of Labor & Workforce Development, the cuts at Prudential Financial, Fiserv Solutions LLC, UBS and JP Morgan Chase total 409.

The latest local impacts come amid a surge of layoffs nationwide in 2026. The March financial figure represents nearly half of the total 888-cut count from WARN notices filed with New Jersey, so far, this month.

In 2026, the state has posted Worker Adjustment and Retraining Notification Act notices totaling 4,715 cuts, as of March 30.

The latest financial services cuts also arise amid growing economic uncertainty. Last month, Citibank announced statewide cuts affecting 141 workforce members.

Here’s a closer look at March’s filings:

Prudential – Newark

• Effective: May 7–June 7, 2026
• Employees impacted: 54

“Prudential Financial continually reviews its organizational structure to ensure it is meeting the evolving needs of its customers and maintaining its competitive position in the marketplace,” the company told NJBIZ. “This includes periodically eliminating certain roles that no longer align with Prudential’s strategy.”

That strategy has played out in recent years across a string of double-digit cuts.

Fiserv – Berkeley Heights

• Effective: March 31–May 31, 2026
• Employees impacted: 118

The company told NJBIZ it has no further details to share at this time beyond what is included in the WARN filing.

UBS – Weehawken

• Effective: June 22–24, 2026
• Employees impacted: 103

UBS declined to comment. The cuts impact the company’s entire state workforce and are not location specific.

JPMorgan Chase – Jersey City

• Effective: June 20, 2026
• Employees impacted: 134

JPMorgan Chase told NJBIZ it regularly reviews its business needs and adjusts staffing accordingly, “creating new roles where we see the need or reducing positions when appropriate.”

As part of its regular business management, the company said it continues to hire in other areas as well as work to redeploy impact employees. Over the past year, JPMorgan Chase said it added more than 2,000 jobs. It currently has 15,000 open positions.

JPMorgan Chase previously announced 120 cuts effective in May 2026 via another Garden State WARN filing from February.

On the latest local cuts, the company said the figure represents a small contingency and it is working hard to find new roles for them. JPMorgan Chase said it is “committed to New Jersey,” where it has nearly 12,500 employees. Locally, it has more than 700 position open positions.

Other companies announcing eliminations in New Jersey this month include Novartis and Compass.