Just a couple of weeks after the legislature gave it final approval, New Jersey Governor Phil Murphy has signed the Worker Adjustment and Retraining Notification (WARN) Act into law. The legislation, which has also at times been dubbed the “Toys R Us” bill in reference to mass layoffs at the former giant toy retailer, amends existing WARN law and makes New Jersey the first state in the union to guarantee severance pay to private sector employees in the event of mass layoffs. Further, it increases the minimum amount of notice that covered employers must give from 60 to 90 days (for employers with 100 or more workers) when a layoff or closing results in 50 or more workers losing their jobs. Finally the new law, which becomes effective on July 21, 2020, requires that affected employees receive one week severance pay paid on termination for each year of service.