Curated and analyzed by the JobGoneToAI team. Original reporting by wpgtalkradio.com.
Verizon and Other Corporations Announce Major Job Cuts in New Jersey

— wpgtalkradio.com
Key Takeaway
Verizon has laid off 1,319 employees in New Jersey as part of a larger trend of job cuts affecting major companies in the state. Other companies like Merck, Target, JP Morgan Chase, and Walmart have also announced significant layoffs, contributing to a troubling job market in New Jersey.
From the Original Report
Corporate giants cut thousands of NJ jobs — and more may be coming Erin Vogt Erin Vogt Published: February 20, 2026 (Canva, Townsquare Media Illustration) Share on Facebook Share on Twitter Effective today, 1,319 employees of Verizon have been laid off in New Jersey. The company is one of several big-name employers that are losing workers.
A full list is below. Verizon's executive leadership and corporate functions have remained in Basking Ridge, while its official headquarters are in New York City. In November, the telecommunications giant announced 13,000 layoffs worldwide.
A spokesman for Verizon on Friday said that New Jersey workers were notified of their layoffs that month. The Verizon cuts were listed with the 2025 New Jersey Worker Adjustment and Retraining Notification as being out of Basking Ridge. The layoffs, however, are statewide and extend beyond that location.
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Original Source
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