Prudential Financial is laying off 63 employees in New Jersey between November 16 and December 16, 2025, according to a state filing. The company said the cuts are part of ongoing restructuring to align its workforce with strategy and maintain competitiveness, though it did not specify which positions will be affected.
This follows several earlier rounds of layoffs. In July 2025, Prudential announced 57 job cuts, and in 2024 it eliminated 637 positions across four separate rounds, including a single reduction of 238 jobs in September of that year.
The layoffs come despite Prudential’s stock rising 6 percent in September 2025, fueled by stronger-than-expected sales and capital returns. However, the company reported weaker earnings, with Q2 net income falling to $533 million from $1.2 billion the year prior and posting $516 million in realized investment losses.
Prudential also recently elected Joseph Wolk, CFO of Johnson & Johnson, to its board of directors as an independent member, effective September 30.