Several prominent employers in New Jersey have recently announced substantial workforce reductions, affecting over 1,600 jobs across the state in various sectors including retail, pharmaceuticals, and logistics.

Walmart Cuts 481 Corporate Positions in Hoboken

Announced: February 2025
Effective: June 13, 2025

Walmart is eliminating 481 corporate positions at its Hoboken location as part of a relocation initiative. Affected employees have the option to retain their positions if willing to relocate to Bentonville, Arkansas, where Walmart has established a new 350-acre “Home Office” campus featuring 2.4 million square feet of office space.

This move follows Walmart’s closure of two South Jersey fulfillment centers last year—one in Swedesboro that employed 113 workers and another in Oldmans Township with 270 positions.

Novartis Reducing 427 Jobs at East Hanover Site

Announced: March 2025
Effective: June 13 – October 24, 2025

Pharmaceutical giant Novartis plans to eliminate 427 U.S. jobs reporting to its East Hanover location. The reductions will be implemented in phases between June and late October 2025.

These cuts come on the heels of previous layoffs announced in November 2024, when Novartis disclosed plans to eliminate 139 positions (86 and 53 in separate announcements) on a rolling basis.

Geodis Logistics Closing Monroe Facility, Affecting 426 Workers

Announced: January and March 2025
Effective: April 27, 2025

Geodis Logistics will close its Monroe Township facility in July 2025, resulting in 426 job losses. According to company statements, the closure is due to “a key customer moving operations to a GEODIS facility in Eastern Pennsylvania.”

Bristol Myers Squibb Continues Workforce Reductions

Announced: February 2025
Effective: April 24, 2025

Bristol Myers Squibb has announced 290 additional layoffs at its Lawrence facility. This continues a pattern of workforce reductions that began last year when the pharmaceutical company eliminated 1,262 positions through multiple rounds of cuts.

These latest announcements highlight ongoing economic challenges and corporate restructuring affecting New Jersey’s employment landscape across multiple industries.