NJ job losses are climbing again — and telecom giants are driving the latest cuts

⚠️ New Jersey employers have announced 8,177 layoffs through the last full week of June.

➡️ Verizon, AT&T, and Citibank were among the companies reporting new job cuts this month.

🔴 Samsung's planned move to Texas could affect a New Jersey workforce of about 1,200.

As of the last full week of June, 53 different parent companies in New Jersey have announced a total of 8,177 mass layoffs this year, publicly listed under the “Worker Adjustment and Retraining Notification Act.”

That continues to trend ahead of this time last year, when the state saw about 40 parent companies announce a collective 7,421 layoffs by the end of June.

Among the largest companies to deliver such sobering news are two telecommunications giants, Verizon and AT&T.

Read More: NJ layoffs in 2026 top 7,600 as Merck joins growing list

Verizon

Verizon and AT&T add hundreds more New Jersey layoffs

In June, Verizon Corp Resources Group announced 191 layoffs based in Basking Ridge, effective by the end of summer. The subsidiary, owned entirely by Verizon, is used to manage operational functions, internal services, and business operations.

A month earlier, 121 cuts were already announced by Verizon, effective in August.

Also in late June, AT&T announced 138 layoffs, based in Cumberland County, effective by mid-September.

That follows two earlier rounds based in Bedminster, announced this year by the company, for a total of 300.

Read More: NJ layoffs surge past 6,600 as plants and hotels cut jobs

Nuttawan Jayawan

Citibank cuts jobs as Samsung move raises new questions

A third large employer, Citibank, announced 68 layoffs in June, effective in Hudson and Bergen Counties by the end of the month. That follows 146 Citibank layoffs in New Jersey announced over the winter, effective on a rolling basis.

Still to be seen is the full impact of another big employment shift announced this month.

Samsung Electronics confirmed it is moving its North American headquarters from New Jersey to Texas, where it already has a sprawling campus in Plano.

Read More: Samsung moving NJ headquarters to Texas 

While not on the NJ WARN list yet, the less-than-a year old facility at Englewood Cliffs was home to about 1,200 employees at the time of its September 2025 ribbon-cutting.

The shift was expected to take place before next year.

Report a correction 👈 | 👉 Contact our newsroom