Location: NJ.
Based on news reporting.
NJ's only Saks Fifth Avenue store is set to close as part of the company's Chapter 11 bankruptcy process. This closure marks a significant shift in the retail landscape in New Jersey, impacting the local economy. While the exact number of employees affected by the closure has not been disclosed, the decision reflects ongoing challenges within the retail sector. The store's closure is part of a broader restructuring effort aimed at stabilizing the company's financial situation amid declining sales and increased competition.
LayoffTalk has tracked 35 layoff events at NJ since January 2022, affecting a combined 8,538 employees.
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NJ cut jobs on February 11, 2026. What did this look like from the inside — which teams, how much notice, what severance was offered? You can post anonymously below.
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