New York Layoffs — October 2007

Employers in New York filed 20 WARN Act notices in October 2007, impacting roughly 1,884 workers — representing a notable rise over September and up 105% versus October 2006. The average filing covered 94 workers, with 8 closures among the notices.

Industry Breakdown

Industry	Notices	Workers
Finance & Insurance	5	495
Accommodation & Food	2	368
Manufacturing	2	286
Professional Services	3	230
Information & Technology	2	126
Real Estate	2	123
Other	2	110
Retail	1	94

The Finance & Insurance sector led the way in workforce reductions with 495 workers across 5 notices. In a parallel development, Accommodation & Food reported 368 workers.

Geographic Hotspots

County	Notices	Workers
New York	5	514
Nassau	2	267
Broome	3	223
Oneida	2	206
Westchester	1	150

New York was the epicenter of layoff activity, accounting for 27% of all affected workers with 514 workers across 5 notices.

City	Notices	Workers
New York	4	446
Binghamton	2	192
Farmingdale	1	183
Rye Brook	1	150
Orangeburg	1	150

Layoff Type Analysis

Type	Notices	Workers
Layoff	12	1,055
Closure	8	829

Closures accounted for 44% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.

Largest Layoffs

Company	City	Workers	Type	Date
IHMS, LLC dba The Pierre	New York	268	Closure	2007-10-31
IWCO Direct	Farmingdale	183	Layoff	2007-10-22
Cadbury Schweppes Americas Beverages	Rye Brook	150	Layoff	2007-10-15
WMC-GEMB Mortgage Corp	Orangeburg	150	Closure	2007-10-30
Owens Corning	Feura Bush	136	Layoff	2007-10-31
M&T Bank Corporation	New Hartford	126	Layoff	2007-10-05
The Peninsula New York Partnership dba The Peninsula New York	New York	100	Layoff	2007-10-30
M&T Bank Corporation	Binghamton	97	Layoff	2007-10-05
Taylor & Francis Group, LLC	Binghamton	95	Closure	2007-10-16
Kmart	Amherst	94	Closure	2007-10-19
Sodexo	East Meadow	84	Closure	2007-10-22
M&T Bank Corporation	Utica	80	Layoff	2007-10-05
Foxtons US	Whitestone	68	Layoff	2007-10-01
Southworth-Milton, Inc	Rochester	55	Closure	2007-10-12
Philips Electronics North America Corporation	New York	52	Closure	2007-10-05

The single largest action involved IHMS, LLC dba The Pierre at its New York facility, reporting 268 affected workers. IWCO Direct followed with 183 workers.

Trend & Outlook

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

The data underscores 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.