Banking, finance sector layoffs hit NJ, include Prudential and JPMorgan Chase

In the News
April 10, 2024

Today in NorthJersey.com, Bloustein School University Professor and Dean Emeritus James Hughes says white-collar jobs in banking and finance have become saturated after a two-year hiring spree that followed the COVID-19 pandemic, which is why some of the state’s largest banks and financial institutions are cutting their workforce. Banks around the world are tightening budgets amid uncertain economic times, and the phenomenon has hit New Jersey.

NorthJersey.com, April 10. 2024

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