OceanFirst Bank to Lay Off Over 10% of Workforce Amid Mortgage Outsourcing
SOURCENews reportView the filing ↗
What we know
Based on news reporting.
Summary
OceanFirst Bank has announced plans to lay off over 10% of its workforce as part of a restructuring strategy that includes outsourcing its residential mortgage operations. The decision reflects the bank's efforts to streamline operations and adapt to changing market conditions. While specific numbers of affected employees and the timeline for these layoffs have not been disclosed, the move indicates a significant shift in the bank's operational focus. This decision comes amid broader trends in the banking industry, where many institutions are reevaluating their workforce in response to economic pressures.
LayoffTalk has tracked 7 layoff events at OceanFirst Bank since September 2025, including 288 jobs documented in official WARN filings, with 5 additional events known from news reporting.
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