Prudential Financial Inc. continues to trim its ranks, with 108 job cuts listed in a November filing with the New Jersey Department of Labor & Workforce Development.

The latest notice follows a September filing on cuts of 238 positions, effective April 16. Altogether, the Newark-based Fortune 500 company announced 637 layoffs dating to February. The November reductions will hit between Dec. 27, 2024, and April 17, 2025, according to NJDOL.

Last November, Pru CEO and Chairman Charles Lowrey announced impending reductions 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.”

On Nov. 26, the company did not address additional details about the cuts, such as which positions they would impact, or plans for further such actions in 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 shared with NJBIZ Tuesday.

The business is one of several Fortune 500 companies to announce local layoffs in 2024.

CVS Health announced Garden State cuts totaling more than 100 as part of its plans to let go of 2,900 workers nationwide.

More directly in the health space, Bayer, Bristol Myers Squibb and Johnson & Johnson all announced New Jersey layoffs in 2024.

A recent survey from Staffing Industry Analysts found more than half of U.S. business leaders (60%) said their company was likely to have layoffs in the second half of the year. So far, dozens of companies have followed through.