UBS is cutting another 41 jobs at its Weehawken offices, a move that pushes the Swiss banking giant's layoffs at the Lincoln Harbor complex beyond 200 workers so far this year. The cuts are scheduled to take effect between November 25 and November 30, according to a notice filed with New Jersey labor officials.
The filing marks UBS's third WARN notice tied to its Weehawken operations in the last six months, according to NJ.com. The bank previously reported plans to lay off 65 workers effective August 26, per an earlier filing, and later disclosed a plan to cut 103 workers between June 22 and June 24. Combined with the new round of 41 job losses, UBS's total layoffs at the site have climbed to 209 workers this year, per the outlet's reporting.
UBS operates its U.S. wealth management headquarters at 1000 and 1200 Harbor Boulevard in Weehawken's Lincoln Harbor complex, a waterfront campus that sits directly across the Hudson River from Midtown Manhattan and serves as a primary administrative and operational center for UBS Financial Services Inc., according to information published by UBS. The company describes itself as one of the world's largest financial services institutions, employing roughly 110,000 people globally.
A Pattern of Staggered Cuts Since 2024
September's filing brings UBS's total historical WARN disclosures in New Jersey to seven since 2008, covering 444 cumulative workers — with six of those seven filings occurring just between 2024 and 2026, according to data compiled by WARN Tracker. Rather than executing one large layoff, the bank has spread its Weehawken reductions across multiple smaller notices this year, a pattern that mirrors what's happening elsewhere along Hudson County's waterfront banking corridor. JPMorgan Chase filed five separate WARN notices in nearby Jersey City in 2026 affecting 541 total workers, while Citibank filed a notice impacting 59 Hudson County employees in August, per records reported by JerseyTalks.
The incremental approach fits a broader statewide trend. New Jersey Department of Labor data reported by Community News showed 84 mass-layoff notices covering 9,242 workers filed in the first seven months of 2026 — a 42% jump in the number of notices compared with the same period in 2025, even as the average filing size shrank to roughly 110 workers from 145 the year before, the outlet found.
Global Cost-Cutting Behind the Local Cuts
The Weehawken reductions are the local face of a much larger corporate overhaul. UBS is targeting $13.5 billion in gross cost savings by the end of 2026 as it finishes integrating Credit Suisse, driving workforce reductions across legacy IT support, operations, finance and back-office functions worldwide, Reuters has reported. UBS acquired Credit Suisse in a government-backed rescue deal in March 2023, and its global full-time headcount has fallen below 100,000 as of mid-2026. UBS's global workforce has declined since the Credit Suisse deal.
Even as it trims back-office and technical staff, the available information does not establish the scale or pay of specialized hiring at the Weehawken hub.
What Happens Next for Displaced Workers
New Jersey's WARN law is relevant to covered employers facing mass layoffs. Displaced employees may seek re-employment assistance after layoffs.
UBS's Weehawken cuts come even as the bank expands elsewhere in its national wealth management footprint. Hoodline reported on a new hub that UBS leased in Dallas in July, while explicitly citing Weehawken as one of its established primary hubs for wealth advisory operations. The bank maintains wealth advice centers in 37 U.S. cities alongside its core regional hubs, meaning the New Jersey layoffs reflect a targeted trimming of back-office functions rather than a full retreat from the site.
