New York Layoffs — February 2015

Employers in New York filed 31 WARN Act notices in February 2015, impacting roughly 2,150 workers — representing a pullback from January and up 50% versus February 2014. The average filing covered 69 workers, with 21 closures among the notices.

31
Notices Filed
2,150
Workers Affected
69
Avg per Notice
21
Closures

Industry Breakdown

IndustryNoticesWorkers
Other141,235
Finance & Insurance7251
Accommodation & Food2242
Transportation1149
Admin & Support Services2138
Professional Services3123
Manufacturing18
Real Estate14

The Other sector led the way in workforce reductions with 1,235 workers across 14 notices. In a parallel development, Finance & Insurance reported 251 workers.

Geographic Hotspots

CountyNoticesWorkers
New York9914
Nassau6356
Bronx2319
Suffolk3265
Kings1157

New York saw the most concentrated activity, accounting for 43% of all affected workers with 914 workers across 9 notices.

CityNoticesWorkers
New York121,343
Coram3345
Bronx180
Valley Stream177
Jericho153

Layoff Type Analysis

TypeNoticesWorkers
Closure211,860
Layoff10290

The high proportion of closures (87% of affected workers) suggests structural shifts rather than temporary cutbacks in New York's labor market.

Largest Layoffs

CompanyCityWorkersTypeDate
Federation Employment and Guidance Services, Inc. (Health & Human Services)New York293Closure2015-02-23
Federation Employment and Guidance Services, Inc. (Health & Human Services)New York239Closure2015-02-23
Morgans Hotel Group Management LLC @ Mondrian Soho HotelNew York198Closure2015-02-27
Federation Employment and Guidance Services, Inc. (Health & Human Services)Coram177Closure2015-02-23
Federation Employment and Guidance Services, Inc. (Health & Human Services)New York157Closure2015-02-23
GL Bus Lines IncNew York149Layoff2015-02-02
Federation Employment and Guidance Services, Inc. (Health & Human Services)Coram108Closure2015-02-23
CacheNew York100Closure2015-02-25
FEGS Family Care Services-Jewish Care Services of Long Island, IncBronx80Closure2015-02-18
Valley Stream Article 31 Clinic (Peninsula Counseling Center)Valley Stream77Closure2015-02-18
Federation Employment and Guidance Services, Inc. (Health & Human Services)Coram60Closure2015-02-23
Bank of America - Consumer and Legacy Asset Servicing Operations UnitJericho53Layoff2015-02-12
Community National BankHuntington/M elville50Closure2015-02-19
The Bank of New York MellonNew York50Closure2015-02-27
Jack Spade and Kate Spade SaturdayNew York47Closure2015-02-02

The single largest action involved Federation Employment and Guidance Services, Inc. (Health & Human Services) at its New York facility, reporting 293 affected workers. Federation Employment and Guidance Services, Inc. (Health & Human Services) followed with 239 workers.

Trend & Outlook

The data underscores a mixed picture for New York's labor market, with activity diverging between monthly and annual comparisons. 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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