The team cut Jones on Saturday as it works toward whittling its roster down to 53 men before the NFL's 4 p.m. EST deadline, according to NFL Network's Ian Rapoport.
Jones, 31, signed with the Giants early in training camp. The ninth-year receiver was released by the Raiders in May after registering 73 catches for 666 yards and six touchdowns in 2014 for Oakland. His best year came in 2012 with the Packers, when he had 64 catches for 784 yards and a league-leading 14 touchdown catches.
Of course the bigger news here is Jones' possible landing spot back with the Packers. If that happens, it could once again shake up Green Bay's WR depth chart so it's something to monitor.