JPMorgan Chase Plans 91 Jersey City Layoffs
The bank has filed a federal WARN notice for cuts scheduled from October 30, 2026 through January 24, 2027.
Updated on Nov. 2, 2026 in Employment
Live Poll
Do you think big banks cutting jobs hurts your local community?
JPMorgan Chase filed a Worker Adjustment and Retraining Notification for 91 layoffs at its Jersey City office, scheduled from October 30, 2026 through January 24, 2027. The latest notice brings the bank's 2026 New Jersey job cuts to 632.
Why it matters
The filing is the sixth WARN notice JPMorgan has submitted in New Jersey this year, showing a sustained pattern of reductions at its Jersey City operations. The advance notice gives affected workers and local agencies time to prepare for the job losses.
The latest notice covers 91 Jersey City employees, part of 632 total 2026 New Jersey cuts across six filings, including 120 in February, 134 in March, 51 in May, 63 in June and 172 in July. The filings do not state the reasons for the reductions, and it is unclear whether more notices will be filed.
The players
JPMorgan Chase
JPMorgan Chase is one of the largest banking institutions in the United States, headquartered in New York City, with major operations in Jersey City.
The details
Under the Worker Adjustment and Retraining Notification Act, employers must give at least 60 days' advance notice before a mass layoff or plant closing. JPMorgan's earlier 2026 filings covered 63 Jersey City employees scheduled for August 19 and November 15, along with other groups tied to May, June and July dates.
Timeline
February 2026: JPMorgan filed notice for 120 employees, effective May 3.
March 2026: JPMorgan filed notice for 134 employees, effective June 20.
October 30, 2026: The latest 91 layoffs begin in Jersey City.
January 24, 2027: The latest scheduled layoffs end.
Big Picture
The filings operate under the federal Worker Adjustment and Retraining Notification Act, which requires employers to give at least 60 days' notice before mass layoffs or plant closings. JPMorgan's six New Jersey notices this year fit within that framework, with each filing setting its own timeline for the cuts.
Affected Jersey City employees will face scheduled job losses beginning October 30, 2026, giving them roughly the notice period the WARN Act requires to plan. Workers may also be eligible to review their severance and benefit options during that window.
The takeaway
Workers facing WARN-notified layoffs should review severance terms, benefit continuation and job-search resources early, since the notice period is the main window to prepare.
What happens next
The 91 Jersey City layoffs are scheduled to begin October 30, 2026 and run through January 24, 2027.
Further reading
For related coverage, see Employment news for the Jersey City area.
Source note: This article includes information reported by NJ.
Live Poll
Do you think big banks cutting jobs hurts your local community?
