New York Layoffs — August 2007
Employers in New York reported 12 WARN Act notices in August 2007, displacing an estimated 2,467 workers — signaling an acceleration from July and up 127% versus August 2006. The average filing covered 206 workers, with 9 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 3 | 1,651 |
| Manufacturing | 3 | 303 |
| Education | 1 | 172 |
| Wholesale Trade | 1 | 50 |
The Finance & Insurance sector topped the list of affected industries with 1,651 workers across 3 notices. Notably, Manufacturing reported 303 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Suffolk | 3 | 1,651 |
| Queens | 1 | 172 |
| Monroe | 2 | 170 |
| Rensselaer | 1 | 137 |
| New York | 2 | 121 |
Suffolk absorbed the greatest share of layoffs, accounting for 67% of all affected workers with 1,651 workers across 3 notices.
| City | Notices | Workers |
|---|---|---|
| Melville | 2 | 1,600 |
| Queens | 1 | 172 |
| Rochester | 2 | 170 |
| Rensselaer | 1 | 137 |
| New York | 2 | 121 |
Layoff Type Analysis
| Type | Notices | Workers |
|---|---|---|
| Layoff | 3 | 1,676 |
| Closure | 9 | 791 |
Closures accounted for 32% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| American Home Mortgage | Melville | 1,555 | Layoff | |
| GCA Services Group, Inc. (located at St. John's University (SJU)) | Queens | 172 | Closure | |
| Albany International Corp. (East Greenbush Plant) | Rensselaer | 137 | Closure | |
| Frontier Telephone Company of Rochester | Rochester | 100 | Closure | |
| Albany International Corp. (Menands Plant) | Albany | 88 | Closure | |
| Sun Chemical | Staten Island | 78 | Closure | |
| Frontier Telephone Company of Rochester | Rochester | 70 | Closure | |
| Wachovia | New York | 64 | Layoff | |
| Nomura Holding America | New York | 57 | Layoff | |
| First Magnus Financial Corporation (Long Island Wholesale) | Hauppauge | 51 | Closure | |
| Countrywide Home Loans (Wholesale division) | Jericho | 50 | Closure | |
| GreenPoint Mortgage Funding | Melville | 45 | Closure |
The most significant filing came from American Home Mortgage at its Melville facility, reporting 1,555 affected workers. GCA Services Group, Inc. (located at St. John's University (SJU)) followed with 172 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.