Banking giant Barclays cutting 78 jobs in Whippany after earlier layoffs

March 27, 2025

British banking giant Barclays is laying off another 78 employees in Whippany this year, public filings show, in addition to 69 employees handed the pink slip in January.

The layoffs will go into effect between June 23 and July 7, according to public filings.

Oksana Poltavets, a spokesperson for the bank, said the layoffs were part of a plan to make Barclays “simpler, better and more balanced,” including through unspecified automation and technology upgrades, but did not provide details…

Why might banks stall on hiring?

In 2024, banks and financial institutions trimmed their headcount by the thousands, including hundreds of positions in New Jersey.

James Hughes, an economist at Rutgers University, told NorthJersey.com that white-collar jobs in banking and finance have become saturated after a two-year hiring spree that followed the COVID-19 pandemic.

Late in February, JPMorgan Chase — the largest U.S bank — announced in public filings that it was letting go of 121 employees in Jersey City, part of 1,000 layoffs throughout the U.S that month.

MSN.com, March 27, 2025

Recent Posts

Greenberg, Mayer Review DOE’s Nuclear Storage Collaboration

Can Collaboration Succeed in Siting a Spent Nuclear Fuel Facility in the United States?—A Challenge in Political Sustainability by Michael R. Greenberg, Henry J. Mayer, Megan Harkema, and Steven Krahn Abstract We examine the U.S. Department of Energy (DOE)’s...

NJSPL Summer Intern Presentation Videos

2025 Summer Intern Presentations Now Available Last week, the New Jersey State Policy Lab’s most recent cohort of summer interns presented on their respective areas of public policy research on August 6th, and the recordings of these presentations are now available....

Prof. Cantor Discusses Housing as a Public Health Issue

In Camden and Atlantic City, health care systems are treating housing as a public health issue Housing instability is driving ER visits and chronic illness. South Jersey health systems are stepping in with housing support and policy partnerships. Health care systems...

Cultural Factors Driving Severe Repetitive Flood Losses

Cultural and Institutional Factors Driving Severe Repetitive Flood Losses: Insights From the Jersey Shore Abstract Decisions about how to respond to coastal flood hazards often involve disagreements over resource allocations. In the United States, large...

NJSPL Report: Supporting Aging in Place in New Jersey

Report Release – Supporting Aging in Place in New Jersey: A SWOT Analysis of Assisted Living Programs by Ayse Akincigil, Uri Amir Koren, Jasmine Akman, Dima Bischoff-Hashem, Karen Zurlo Read Report New Jersey has an innovative Assisted Living Program (ALP) designed...