Prudential Financial Inc. has filed another round of layoffs in New Jersey, bringing the total number of job cuts at its Newark headquarters to 237 since July, according to filings with the state’s Department of Labor.
The latest notice, submitted under the Worker Adjustment and Retraining Notification (WARN) Act in March, covers 54 positions that are expected to be eliminated between May and June. The filing marks the fourth such notice submitted by the company in New Jersey over the past several months.
Prudential said the workforce reductions are part of an ongoing review of its organisational structure. In a statement, the company said it periodically evaluates its operations to ensure alignment with evolving customer needs and broader strategic priorities…