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Another round of layoffs is hitting employees at Newark-based Prudential Financial Inc.

According to a June WARN notice filing with the state, the move will affect 146 positions.

In February, the Fortune 500 company revealed plans to cut 145 New Jersey jobs between April and September of this year. The new notice lists effective dates between July 16 and Sept. 20, 2024, as well as Jan. 6, 2025.

“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. This includes periodically eliminating certain roles that no longer align with Prudential’s strategy,” a company spokesperson told NJBIZ in a June 28 statement.

Prudential did not address additional details as to the kinds of positions or New Jersey offices impacted.

Second round

Last November, Pru CEO and Chairman Charles Lowrey announced impending cuts in a memo to employees. When February’s WARN notice hit, a Prudential spokesperson confirmed to NJBIZ it was part of “the previously discussed organizational structure changes and cost reduction efforts.”

Worldwide, Prudential has more than 40,000 employees.

For the first quarter of 2024, the company reported $1.138 billion in net income, down from the Q1 2023, figure of $1.462 billion. For Q1 2024, after-tax adjusted operating income was $1.141 billion. That was up from $1 billion for the same period the year prior.

“During the first quarter, we made substantial progress executing on our strategy to become a higher growth, more capital efficient and nimble company, by expanding our market leading businesses,” Lowrey said of the results. “We are pleased with the momentum across our businesses … These positive fundamentals are supported by a rock solid balance sheet as well as a mutually reinforcing business system and distinct strategy that positions us to deliver long-term growth on behalf of our stakeholders.

“We’ve entered the second quarter with confidence in our strategy to be a global leader in expanding access to investing, insurance, and retirement security for people around the world,” Lowrey said.