Prudential Financial has filed another round of layoffs in New Jersey, pushing total planned job cuts at its Newark headquarters to 237 since July, based on filings with the state Department of Labor.
The latest notice, submitted in March under the Worker Adjustment and Retraining Notification Act, covers 54 roles scheduled for elimination between May and June.
It is the fourth WARN filing Prudential has made in New Jersey over the past several months.
The company said the cuts are part of an ongoing review of its organisational structure. Prudential said it regularly assesses operations to keep them aligned with changing customer needs and broader strategic priorities.
That process, the company said, includes removing roles that no longer fit its strategy. Prudential did not disclose which functions or departments are affected in this latest round.
These reductions add to earlier layoffs disclosed since mid-2025. Altogether, Prudential has now identified 237 Newark positions for elimination across multiple filings.
The pace is slower than last year, though. In 2024, the company filed WARN notices covering a combined 637 roles.
The cuts come as Prudential posts stronger financial results. The insurer reported net income attributable to the company of $905 mn for the fourth quarter, compared with a net loss of $57 mn in the same period a year earlier.
Prudential shares, listed on the New York Stock Exchange under the ticker PRU, traded at $95.44 on March 25, up 0.68% from the previous close.
The company’s underwriting entities continue to hold an A+ financial strength rating, indicating strong claims-paying ability.
The new filings show Prudential is still reshaping its workforce as it adjusts operations to fit its current business strategy. It’s a narrower pace than before, though still part of a longer restructuring pattern running through insurance and financial services.
