Story perspectives
New Jersey Layoffs Surge: 3,618 Jobs Cut in Q1
4/15/2025
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Story summary
- New Jersey saw 3,618 layoffs in Q1 2025, a significant increase from 1,753 in Q1 2024.
- Notable companies, including Novartis and Barrette Outdoor Living, implemented major job cuts.
- Rising tariffs and the upcoming governor's race are fueling concerns about employment.
- Job openings have decreased, while the rate of employee resignations has stabilized since the pandemic.
