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Layoffs hit Novo Nordisk, Bristol Myers Squibb in NJ
The latest job cuts will affect hundreds as part of broader restructuring and cost-savings efforts.
Novo Nordisk to cut 9,000 jobs in global restructuring
The moves aim to save $1.3 billion annually by next year, streamline operations and increase focus on diabetes and obesity growth.
Novartis to cut more jobs at HQ amid restructuring
In a WARN filing with the state, the Swiss pharmaceutical giant announced it will eliminate dozens of positions at its East Hanover base between November 2025 and June 2026.
Stevens Institute cites Trump policy shifts as factor for layoffs
The Hoboken-based private university said it made the “difficult but necessary decision” to eliminate dozens of positions, pointing to federal changes affecting research funding and international enrollment.
Merck moves to cut $3B, jobs in latest restructuring
Along with its financial results for the second quarter of 2025, the Rahway company revealed plans that aim to save $1.7 million annually by the end of 2027.
Rocket Pharmaceuticals to cut 30% of workforce
The Cranbury-based biotechnology company will eliminate 80 jobs and streamline operations, focusing on gene therapies to extend its runway into Q2 2027 and drive long-term growth.
Prudential sets more job cuts in Newark
According to a state WARN notice, more layoffs are due at the anchor institution, adding to the more than 600 seen in 2024.
Bristol Myers Squibb plans 4th round of 2025 NJ layoffs (updated)
Marking its fourth round of cuts this year in the state, the company will eliminate dozens of jobs in a move tied to a $2 billion cost-cutting initiative.
Kenvue announces layoffs at new Summit HQ
The consumer health company will cut dozens of employees this fall as part of a restructuring plan following its spinoff from Johnson & Johnson.
Panera to close Edison bakery, cut 201 jobs
The chain will shut down its fresh dough facility in Middlesex County as it shifts to a par-baked model to streamline operations.
Walmart to cut 187 more corporate jobs in Hoboken
The retail giant continues to restructure, with plans to eliminate another 187 positions this summer that will affect tech, e-commerce and advertising teams.
Bahama Breeze closes all but one restaurant in NJ
A WARN filing shows that 327 workers in New Jersey were let go following the chain's four in-state closures.
