NJ economy

In the first quarter of 2025, New Jersey employers announced over 3,000 layoffs, alone.

At least two massive New Jersey corporations have now announced four rounds of layoffs in 2024.

CarePoint Health warned 2,600 staffers that they could be out of work, by December. Other large scale NJ layoffs have come from Bristol Myers Squibb and Pitney Bowes.

Prudential Financial, Ashley Stewart and Fresh Pro led the pack of companies laying off workers in New Jersey — while a grocer also was closing a store to make way for housing.

When New Jersey-based Bed, Bath and Beyond folded, it took its sister brands with it. Now, different new owners have plans to reopen a few of the stores customers have been missing.

The Nestle Beverage manufacturing facility in Freehold might face a grim future, according to recent communications with its employees.

The Knowles family, owners of The Manor, said the decision to shutdown in July had been a difficult deliberation. It's just the latest banquet hall to close after pandemic-spurred struggles.

Days after announcing that all Harmon stores were closing, Bed, Bath & Beyond has added 6 more of its flagship stores in New Jersey to the list.

After more than 14 years, Marilyn Schlossbach will turn over the Asbury Park oceanfront property to a different Jersey Shore restaurant group.

After 30 years, the Springfield Barnes and Noble store is changing address to neighboring Union, along Route 22. Another of the retailer's store looking for a new home — Paramus.

Bed, Bath & Beyond has announced a few more store closures in New Jersey — this time, of the other brands it still owns, buybuy BABY and Harmon Face Values.

BlockFi lists more than 100,000 creditors in its filing after the recent collapse of fellow crypto lender, FTX.