Maryland Layoffs — June 2008
Employers in Maryland submitted 4 WARN Act notices in June 2008, putting at risk an estimated 1,076 workers — up substantially from May and up 21% versus June 2007. The average filing covered 269 workers, with 4 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 2 | 597 |
| Manufacturing | 2 | 479 |
The Finance & Insurance sector emerged as the hardest-hit sector with 597 workers across 2 notices. Separately, Manufacturing reported 479 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Anne Arundel | 1 | 445 |
| Wicomico | 1 | 278 |
| Howard | 1 | 201 |
| Baltimore City | 1 | 152 |
Anne Arundel was the epicenter of layoff activity, accounting for 41% of all affected workers with 445 workers across 1 notices.
| City | Notices | Workers |
|---|---|---|
| Baltimore | 1 | 445 |
| Salisbury | 1 | 278 |
| Jessup | 1 | 201 |
| Baltimore City | 1 | 152 |
Layoff Type Analysis
| Type | Notices | Workers |
|---|---|---|
| Closure | 4 | 1,076 |
The high proportion of closures (100% of affected workers) suggests structural shifts rather than temporary cutbacks in Maryland's labor market.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Hsbc | Baltimore | 445 | Closure | |
| Powerwave Technologies | Salisbury | 278 | Closure | |
| FOCUS Brands Inc. (Celebration Foods/Carvel) | Jessup | 201 | Closure | |
| Zurich-American Insurance Group | Baltimore City | 152 | Closure |
Topping the list was Hsbc at its Baltimore facility, reporting 445 affected workers. Powerwave Technologies followed with 278 workers.
Trend & Outlook
This marks the third consecutive month of rising layoff activity.
These figures highlight mounting pressure on the Maryland 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 Maryland. 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 Maryland WARN notices, browse layoffs by state, or download the full dataset.