Weehawken, NJ – A major workforce reduction is underway in Hudson County as UBS moves forward with planned layoffs impacting more than 100 employees at its Weehawken location.
According to a WARN notice filed with the state of New Jersey, the financial services firm is laying off 103 employees, with separations scheduled between Tuesday and today. The notice provides advance warning required under federal and state law for significant job cuts, offering workers time to prepare for employment transitions.
The layoffs are taking place at UBS’s office in Weehawken, a key hub for the company’s U.S. operations. Company officials have not publicly detailed the specific roles affected or whether the cuts are tied to broader restructuring efforts.
Workforce reductions in the financial sector have continued into 2026 as firms adjust to shifting market conditions, evolving technology demands, and cost-cutting initiatives. UBS, a global investment bank and wealth management firm, has undergone restructuring in recent years following its acquisition of Credit Suisse, a move that has led to operational consolidations worldwide.
Local officials have not yet commented on the immediate economic impact of the layoffs, though job losses of this scale can affect the regional economy, particularly in densely populated employment centers like Hudson County.
State labor resources are typically made available to affected workers following WARN notices, including job placement assistance and unemployment support services.
The layoffs are expected to conclude today, marking the end of the scheduled separation period outlined in the filing.
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