Maryland Layoffs — July 2012

Employers in Maryland submitted 1 WARN Act notices in July 2012, putting at risk an estimated 55 workers — down from June and down 87% versus July 2011. The average filing covered 55 workers, with 0 closures among the notices.

1
Notices Filed
55
Workers Affected
55
Avg per Notice
0
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance155

The Finance & Insurance sector emerged as the hardest-hit sector with 55 workers across 1 notice.

Geographic Hotspots

Geographic details were not available for filings in Maryland this month.

Layoff Type Analysis

TypeNoticesWorkers
Layoff155

Largest Layoffs

CompanyCityWorkersTypeDate
Bank of America55Layoff2012-07-17

Topping the list was Bank of America at its Maryland facility, reporting 55 affected workers.

Trend & Outlook

This is the third consecutive month of declining layoff activity.

These figures highlight a easing in workforce disruptions across Maryland, with filings falling below both recent and year-ago levels. 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.

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