New York Layoffs — October 2008

Employers in New York recorded 19 WARN Act notices in October 2008, covering approximately 3,412 workers — marking a sharp increase from September and up 81% versus October 2007. The average filing covered 180 workers, with 12 closures among the notices.

19
Notices Filed
3,412
Workers Affected
180
Avg per Notice
12
Closures

Industry Breakdown

IndustryNoticesWorkers
Manufacturing31,273
Finance & Insurance5801
Transportation3650
Other4403
Accommodation & Food4285

The Manufacturing sector accounted for the largest share of job cuts with 1,273 workers across 3 notices. At the same time, Finance & Insurance reported 801 workers.

Geographic Hotspots

CountyNoticesWorkers
New York81,454
Clinton11,150
Kings1220
Richmond1200
Rockland2123

New York was the epicenter of layoff activity, accounting for 43% of all affected workers with 1,454 workers across 8 notices.

CityNoticesWorkers
Rouses Point11,150
New York81,090
Bronx1400
Brooklyn1220
Staten Island1200

Layoff Type Analysis

TypeNoticesWorkers
Closure122,525
Layoff7887

The high proportion of closures (74% of affected workers) suggests structural shifts rather than temporary cutbacks in New York's labor market.

Largest Layoffs

CompanyCityWorkersTypeDate
Wyeth PharmaceuticalsRouses Point1,150Closure2008-10-17
Barclays Capital IncNew York500Layoff2008-10-14
American Transit IncBronx400Closure2008-10-30
Metropolitan Jewish Geriatric Center Adult Home CareBrooklyn220Closure2008-10-30
RJR Paratransit CorpStaten Island200Closure2008-10-31
Credit Suisse Securities (USA) LLCNew York191Layoff2008-10-30
Sodexo IncNew York144Closure2008-10-17
Par PharmaceuticalSpring Valley118Layoff2008-10-17
Interep National Radio Sales, IncNew York104Closure2008-10-27
Coca-Cola Enterprises IncBinghamton62Closure2008-10-31
Wakiya, Gramercy Park HotelNew York59Closure2008-10-20
Financial Guaranty Insurance CompanyNew York56Layoff2008-10-21
GE Capital Corporation/CitiCapitalHarrison54Closure2008-10-14
American Transit IncYonkers50Closure2008-10-30
Gate Gourmet IncLong Island46Closure2008-10-23

Leading the list was Wyeth Pharmaceuticals at its Rouses Point facility, reporting 1,150 affected workers. Barclays Capital Inc followed with 500 workers.

Trend & Outlook

This marks the third consecutive month of rising layoff activity.

The filings reflect mounting pressure on the New York labor market, with activity running above both recent and year-ago benchmarks. The Manufacturing 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.

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