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New Jersey Faces 11,000+ Layoffs Amid UPS Cuts

1/29/2026

33 8 Full Breakdown

Summary

Story summary

New Jersey recorded more than 11,000 layoffs in 2025, affecting Bristol Myers Squibb and Walmart, with unemployment remaining high.
United Parcel Service (UPS) announced up to 30,000 operational job cuts in 2026 due to reduced shipment volumes.
No WARN notices have been filed in New Jersey.
Rumors of Trenton facility closures circulate among UPS employees.

History

Historical Context

The Great Recession, which officially lasted from December 2007 to June 2009, resulted in approximately 8.7 million job losses in the U.S. and significant government bailouts totaling $80 billion for major companies like General Motors and Citigroup. Recent layoffs at Bristol Myers Squibb and Walmart in New Jersey reflect ongoing vulnerabilities in the job market, underscoring the lasting impact of this economic crisis.

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Story summary

New Jersey recorded more than 11,000 layoffs in 2025, affecting Bristol Myers Squibb and Walmart, with unemployment remaining high.
United Parcel Service (UPS) announced up to 30,000 operational job cuts in 2026 due to reduced shipment volumes.
No WARN notices have been filed in New Jersey.
Rumors of Trenton facility closures circulate among UPS employees.

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