OceanFirst Bank Toms River to Lay Off 114 Employees in Mortgage Operations
SOURCENews reportView the filing ↗
What we know
Location: Toms River, NJ.
Department affected: Mortgage Operations.
Based on news reporting.
Summary
OceanFirst Bank Toms River has announced the layoff of 114 employees as part of a strategic move to outsource its mortgage operations. This decision reflects the bank's efforts to streamline its services and reduce costs in a competitive financial landscape. The layoffs are set to take effect on October 1, 2023, impacting the mortgage operations department significantly. The bank aims to enhance efficiency and focus on core banking services while managing operational challenges. This move comes amid broader trends in the banking industry, where many institutions are reevaluating their operational structures.
OceanFirst Bank cut 114 jobs in NJ affecting its Mortgage Operations team as of September 23, 2025.
That is roughly 22.8% of the 500 people OceanFirst Bank employs.
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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