New York Layoffs — June 2006
Employers in New York reported 3 WARN Act notices in June 2006, displacing an estimated 311 workers. The average filing covered 104 workers, with 0 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 3 | 311 |
The Finance & Insurance sector topped the list of affected industries with 311 workers across 3 notices.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Kings | 2 | 233 |
| Richmond | 1 | 78 |
Kings saw the most concentrated activity, accounting for 75% of all affected workers with 233 workers across 2 notices.
| City | Notices | Workers |
|---|---|---|
| Brooklyn | 2 | 233 |
| Staten Island | 1 | 78 |
Layoff Type Analysis
| Type | Notices | Workers |
|---|---|---|
| Layoff | 3 | 311 |
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Sovereign Bank | Brooklyn | 134 | Layoff | |
| Sovereign Bank | Brooklyn | 99 | Layoff | |
| Sovereign Bank | Staten Island | 78 | Layoff |
The most significant filing came from Sovereign Bank at its Brooklyn facility, reporting 134 affected workers. Sovereign Bank followed with 99 workers.
Trend & Outlook
After a dip last month, layoff activity has ticked back up.
The numbers illustrate mounting pressure on the New York labor market, with activity running above both recent and year-ago benchmarks. The Finance & Insurance sector warrants close attention heading into the next period.
This analysis is based on official WARN Act filings reported by New York. The Worker Adjustment and Retraining Notification (WARN) Act requires employers with 100+ employees to provide 60-day advance notice of mass layoffs and plant closings. Data is updated daily by WARN Firehose. View all New York WARN notices, browse layoffs by state, or download the full dataset.