Major NJ Tech Companies Slashing Hundreds Of Jobs

Multiple major New Jersey technology and telecommunication companies have announced a potential cut of hundreds of jobs.

Heavy hitters such as Verizon, Digital Room, and AT&T are among the companies to announce layoffs in June, according to the New Jersey State Worker Adjustment and Retraining Notifications (WARN).

Verizon Corp Resources Group LLC, based in Basking Ridge plan to lay off 156 jobs by Aug. 7 and another 35 jobs by Sept. 18.

Digital Room LLC, a premier e-commerce provider of customized printing, packaging, and soft promotional products with a location in Saddle Brook, is planning to lay off 69 jobs by Sept. 16.

Another telecommunications giant, AT&T, with locations in Cumberland County, plans to lay off 138 jobs by Sept. 15.

Additionally, several other companies have also filed WARN notices in June, including Optum Services, Citibank, and UBS.

Citibank announced plans to lay off 68 employees by June 28 at its Hudson and Bergen County locations.

UBS, a wealth management service, will also lay off 65 jobs by Aug. 26 at its Weehawken location.

These job cuts are in addition to those announced earlier this month by Optum and Merck & Co.

The pharmaceutical company, headquartered in Rahway, plans to lay off 88 employees by Sept. 4.

Optum, a division of the UnitedHealthcare group, filed three separate notices.

Optum Select Management Inc., based in Somerset, announced 17 jobs on the chopping block.

Optum Care Inc., based in Rutherford, also announced five jobs to be cut.

And Optum Services Inc., based in Basking Ridge, said they plan to lay off 36 employees.

All three of the separate Optum cuts would take effect by Aug. 26.

The Worker Adjustment and Retraining Notification Act, or WARN, requires employers with 100 or more employees to provide 60 days’ advance written notice of plant closings or mass layoffs.

New Jersey's unemployment rate sits at 4.8 percent, according to the latest available data. The national unemployment rate is at 4.3 percent.

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