New York Layoffs — January 2008
Employers in New York submitted 11 WARN Act notices in January 2008, putting at risk an estimated 1,929 workers — down from December and up 125% versus January 2007. The average filing covered 175 workers, with 6 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 2 | 353 |
| Transportation | 1 | 251 |
The Finance & Insurance sector emerged as the hardest-hit sector with 353 workers across 2 notices. Separately, Transportation reported 251 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Suffolk | 3 | 502 |
| New York | 1 | 440 |
| Erie | 3 | 322 |
| Queens | 1 | 193 |
| Onondaga | 1 | 174 |
Suffolk absorbed the greatest share of layoffs, accounting for 26% of all affected workers with 502 workers across 3 notices.
| City | Notices | Workers |
|---|---|---|
| New York | 1 | 440 |
| Central Islip | 1 | 251 |
| Hauppauge | 2 | 251 |
| Depew | 1 | 225 |
| Laurelton | 1 | 193 |
Layoff Type Analysis
| Type | Notices | Workers |
|---|---|---|
| Closure | 6 | 1,358 |
| Layoff | 5 | 571 |
The high proportion of closures (70% of affected workers) suggests structural shifts rather than temporary cutbacks in New York's labor market.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Altria Group, Inc. and Altria Client Services, Inc. formerly known as Altria Corporate Services | New York | 440 | Closure | |
| Ocean Logistics LLC (subsidiary of C&S Wholesale Grocers, Inc.) | Central Islip | 251 | Closure | |
| HSBC Mortgage Corporation (USA) | Depew | 225 | Layoff | |
| Sandoz | Laurelton | 193 | Closure | |
| Penny Curtiss Baking Co., Inc. a wholly owned subsidiary of Penn Traffic | Syracuse | 174 | Closure | |
| Metro One | Hauppauge | 172 | Closure | |
| IFMG Securities | Purchase | 170 | Layoff | |
| Federal Reserve Bank of New York | Oriskany | 128 | Closure | |
| Delavan Industries | West Seneca | 91 | Layoff | |
| Interpharm | Hauppauge | 79 | Layoff | |
| Delavan Industries | Blasdell | 6 | Layoff |
Topping the list was Altria Group, Inc. and Altria Client Services, Inc. formerly known as Altria Corporate Services at its New York facility, reporting 440 affected workers. Ocean Logistics LLC (subsidiary of C&S Wholesale Grocers, Inc.) followed with 251 workers.
Trend & Outlook
This is the third consecutive month of declining layoff activity.
These figures highlight a mixed picture for New York's labor market, with activity diverging between monthly and annual comparisons. 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.