Washington Layoffs — March 2007

Employers in Washington recorded 6 WARN Act notices in March 2007, covering approximately 287 workers — marking a sharp increase from February and up 310% versus March 2006. The average filing covered 48 workers, with 2 closures among the notices.

6
Notices Filed
287
Workers Affected
48
Avg per Notice
2
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance1205
Utilities12

The Finance & Insurance sector accounted for the largest share of job cuts with 205 workers across 1 notice. At the same time, Utilities reported 2 workers.

Geographic Hotspots

CountyNoticesWorkers
Spokane1205
Clark176
King34
Kitsap12

Spokane felt the sharpest impact, accounting for 71% of all affected workers with 205 workers across 1 notices.

CityNoticesWorkers
Spokane1205
Vancouver176
Bellevue12
Bremerton12
Bothell22

Layoff Type Analysis

TypeNoticesWorkers
Layoff4283
Closure24

Closures accounted for 1% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.

Largest Layoffs

CompanyCityWorkersTypeDate
Bank of AmericaSpokane205Layoff2007-03-15
Millenium Funding GroupVancouver76Layoff2007-03-06
Sun Microsystems, IncBellevue2Closure2007-03-01
Electric BoatBremerton2Closure2007-03-02
ICOS CorporationBothell1Layoff2007-03-06
ICOS CorporationBothell1Layoff2007-03-22

Leading the list was Bank of America at its Spokane facility, reporting 205 affected workers. Millenium Funding Group followed with 76 workers.

Trend & Outlook

After a dip last month, layoff activity has ticked back up.

The filings reflect mounting pressure on the Washington 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 Washington. 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 Washington WARN notices, browse layoffs by state, or download the full dataset.

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