# JPMorgan Chase, Facebook owner Meta and British bank Barclays announced they are also letting go of staff in the Garden State this year.

*business, genai · news · 2026-05-26 · Northjersey.Com*

## Key points

- Meta will lay off 74 employees in New Jersey effective August 20, 2024.
- JPMorgan Chase is laying off 305 Jersey City employees in three rounds through August 2024.
- Novartis is cutting 250 jobs at its East Hanover U.S. headquarters in New Jersey by November 2024.
- Barclays plans to lay off 64 Whippany employees between August 10 and September 10, 2024.
- Goldman Sachs projects 6%-7% global job losses from AI over the next decade.

**Companies:** JPMorgan Chase, Meta, Novartis, Barclays
**Countries:** United States, Switzerland, United Kingdom

[Read the full story on Northjersey.Com](https://www.northjersey.com/story/news/business/2026/05/26/barclays-jpmorgan-chase-meta-and-novartis-to-lay-off-hundreds-in-nj/90259954007/)

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