Barclays, JPMorgan Chase, Meta and Novartis to lay off hundreds in NJ.

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  "signal_type": "news",
  "signal_subtype": "decreases_headcount_by",
  "detected_at": "2026-05-26T16:40:00+00:00",
  "company": {
    "name": "Novartis",
    "domain": "novartis.com"
  },
  "data": {
    "url": "https://www.njherald.com/story/news/business/2026/05/26/barclays-jpmorgan-chase-meta-and-novartis-to-lay-off-hundreds-in-nj/90259954007",
    "title": "Barclays, JPMorgan Chase, Meta and Novartis to lay off hundreds in NJ.",
    "ticker": "OTC:NVSEF",
    "excerpt": "Barclays, JPMorgan Chase, Meta and Novartis to lay off hundreds in NJ.\n\nNorthJersey.com\n\nUpdated May 26, 2026, 12:40 p.m. ET\n\nFinancial giant JPMorgan Chase and drugmaker Novartis have each rolled out three rounds of layoffs across New Jersey this year. Meanwhile, Facebook owner Meta and British bank Barclays announced they are also letting go of staff in the Garden State this year.\n\nThe layoffs come as employers grapple with the impact of inflation, economic uncertainty, and to some degree, artificial intelligence replacing jobs, including entry-level positions.\n\nMeta, the parent company of social media platform Facebook, said in public filings that it was letting go of 74 employees across the state effective Aug. 20.\n\nMeta CEO Mark Zuckerberg told employees in last week's memo that companywide layoffs of 8,000 employees is necessary because \"success isn't given\" in the era of mass AI adoption, CNBC reported.\n\nStory continues below photo gallery\n\nA spokesperson for Meta did not immediately return an email Tuesday morning seeking comment for this story.\n\nJPMorgan Chase plans to lay off 305 employees, all in Jersey City:\n\n* 120 employees on May 3\n* 134 employees on June 20\n* 51 employees on August 3\n\n\"We regularly review our business needs and adjust our staffing accordingly - creating new roles where we see the need or reducing positions when appropriate,\" JPMorgan Chase...",
    "summary": "Novartis Pharmaceuticals Corporation decreases headcount by 250.",
    "planning": false,
    "headcount": 250,
    "image_url": "https://www.njherald.com/gcdn/authoring/authoring-images/2026/04/02/NJOS/89434566007-1993325166.jpg?crop=5033,2832,x0,y262&width=3200&height=1801&format=pjpg&auto=webp",
    "confidence": 0.4635,
    "published_at": "2026-05-26T16:40:00Z",
    "article_sentence": "Meanwhile, Swiss drugmaker Novartis plans 250 layoffs in New Jersey, all at its U.S. headquarters in East Hanover:"
  }
}

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