New York Layoffs — May 2012

Employers in New York logged 45 WARN Act notices in May 2012, involving roughly 2,944 workers — climbing above April and up 255% versus May 2011. The average filing covered 65 workers, with 31 closures among the notices.

45
Notices Filed
2,944
Workers Affected
65
Avg per Notice
31
Closures

Industry Breakdown

IndustryNoticesWorkers
Other12757
Wholesale Trade16488
Transportation3462
Finance & Insurance5447
Manufacturing3437
Accommodation & Food3327
Admin & Support Services117
Information & Technology29

The Other sector dominated layoff filings with 757 workers across 12 notices. Meanwhile, Wholesale Trade reported 488 workers.

Geographic Hotspots

CountyNoticesWorkers
New York7923
Kings2430
Onondaga2429
Erie5197
Queens6185

New York was the epicenter of layoff activity, accounting for 31% of all affected workers with 923 workers across 7 notices.

CityNoticesWorkers
New York7923
Brooklyn2430
East Syracuse1406
Buffalo3193
Rochester8175

Layoff Type Analysis

TypeNoticesWorkers
Closure312,090
Layoff14854

The high proportion of closures (71% of affected workers) suggests structural shifts rather than temporary cutbacks in New York's labor market.

Largest Layoffs

CompanyCityWorkersTypeDate
Dewey & LeBoeufNew York433Layoff2012-05-08
New Process Gear, Inc. (Division of Magna Powertrain)East Syracuse406Closure2012-05-23
L & M Bus CorpBrooklyn310Closure2012-05-15
TGI Friday'sNew York170Closure2012-05-04
MetLife - Home Mortgage OperationNewburgh134Closure2012-05-07
Credit Suisse Securities (USA) LLCNew York126Layoff2012-05-15
Pride Transportation Services IncBrooklyn120Closure2012-05-11
Eastman Kodak Company - Kodak Research LabsRochester92Layoff2012-05-02
Citco Fund Services (USA), IncRye Brook85Closure2012-05-03
Ben Benson's SteakhouseNew York80Closure2012-05-22
Capital OneBuffalo78Closure2012-05-07
HSBC (AML Compliance Unit)Buffalo77Closure2012-05-23
Haru Park AvenueNew York77Closure2012-05-29
Hostess Brands Inc. (aka Interstate Brands)Hicksville57Closure2012-05-07
Hostess Brands Inc. (aka Interstate Brands)Melville53Closure2012-05-07

The biggest impact was at Dewey & LeBoeuf at its New York facility, reporting 433 affected workers. New Process Gear, Inc. (Division of Magna Powertrain) followed with 406 workers.

Trend & Outlook

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

This data points to mounting pressure on the New York labor market, with activity running above both recent and year-ago benchmarks. The Other 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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