JPMorgan Cuts 91 Jersey City Jobs Through January
Jersey City employers and vendors tied to the bank should plan for reduced local spending as the cuts take effect through early 2027.
Updated on Nov. 2, 2026 in Employment
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JPMorgan Chase has filed a Worker Adjustment and Retraining Notification for 91 layoffs at its Jersey City office, scheduled from October 30, 2026 through January 24, 2027. The filing brings the bank's 2026 New Jersey job cuts to 632 and marks the sixth layoff notice it has filed in the state this year.
Why it matters
Under the Worker Adjustment and Retraining Notification Act, employers must give at least 60 days' advance notice before a mass layoff or plant closing, which gives workers and local agencies time to prepare. For Jersey City employers and vendors, the repeated filings signal a sustained restructuring rather than a single cut.
JPMorgan Chase's 91-person Jersey City notice is part of 632 New Jersey job cuts disclosed in 2026 across six filings, with earlier notices covering 51 to 172 employees each. The disclosed filings reflect only the cuts reported through WARN notices, and the stub does not provide totals for the bank's overall New Jersey headcount.
The players
JPMorgan Chase
A major global bank whose scale in consumer and commercial banking makes its Jersey City operations a significant local employer.
The details
JPMorgan Chase disclosed the layoffs through a Worker Adjustment and Retraining Notification filed with the state, the mechanism that requires advance warning before mass job losses. The bank's 2026 filings have staggered effective dates, with cuts taking effect in May, June, July, August and now late October through January 2027, so the reductions are rolling out in phases rather than in one event. A June filing covering 63 Jersey City employees was scheduled for August 19 and November 15.
Timeline
February 2026: JPMorgan filed notice for 120 employees, effective May 3.
March 2026: JPMorgan filed notice for 134 employees, effective June 20.
October 30, 2026: The latest 91 layoffs begin in Jersey City, running through January 24, 2027.
Market Landscape
The Worker Adjustment and Retraining Notification Act requires employers to disclose mass layoffs at least 60 days in advance, and JPMorgan's six New Jersey filings this year follow that statutory pattern. The stub does not place the cuts against a competitor's or industry's documented restructuring cycle.
Employers and vendors in Jersey City should expect a tightening of local hiring and spending as the bank's cuts roll out through early 2027. Operators with JPMorgan Chase as a customer or supplier should review contract exposure and cash-flow assumptions against the staggered effective dates.
The takeaway
Operators in Jersey City should treat JPMorgan's rolling 2026 notices as a sustained demand signal rather than a single event. Track the WARN filings for New Jersey employers as an early indicator of local labor-market softening, and review any local vendor or customer exposure to the bank before the January 2027 end date.
What happens next
The 91 Jersey City layoffs run from October 30, 2026 through January 24, 2027, and additional staggered cuts from earlier notices are scheduled for November 15.
Further reading
Explore more Employment coverage for context on how mass layoff notices affect local job markets.
Source note: This article includes information reported by NJ.
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