New York Layoffs — October 2015

Employers in New York reported 26 WARN Act notices in October 2015, displacing an estimated 1,910 workers — signaling a deceleration from September and down 61% versus October 2014. The average filing covered 73 workers, with 17 closures among the notices.

26
Notices Filed
1,910
Workers Affected
73
Avg per Notice
17
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance6541
Other10453
Accommodation & Food4325
Manufacturing1272
Healthcare3223
Retail296

The Finance & Insurance sector topped the list of affected industries with 541 workers across 6 notices. Notably, Other reported 453 workers.

Geographic Hotspots

CountyNoticesWorkers
New York9884
Monroe6283
Suffolk2151
Nassau2143
Washington1128

New York was the epicenter of layoff activity, accounting for 46% of all affected workers with 884 workers across 9 notices.

CityNoticesWorkers
New York9884
Rochester6283
Fort Edward1128
Flushing1113
Copiague1109

Layoff Type Analysis

TypeNoticesWorkers
Closure171,856
Layoff954

The high proportion of closures (97% of affected workers) suggests structural shifts rather than temporary cutbacks in New York's labor market.

Largest Layoffs

CompanyCityWorkersTypeDate
Sentry Safe, IncRochester272Closure2015-10-29
Barclays Capital Inc. - Wealth and Investment Management DivisionNew York268Closure2015-10-08
Health Republic Insurance of New YorkNew York147Closure2015-10-02
General Electric CompanyFort Edward128Closure2015-10-26
Union Square Café - Union Square Hospitality GroupNew York115Closure2015-10-09
Hunter Ambulette-Ambulance, IncFlushing113Closure2015-10-05
Jewish Board of Family and Children Services - The Copiague Mental Health Clinic and PROS Possibilities (and other Suffolk County Programs)Copiague109Closure2015-10-22
Binder & BinderBronx109Closure2015-10-29
New York Skyline, IncNew York90Closure2015-10-02
Barclays Capital Inc. - Wealth and Investment Management DivisionNew York85Closure2015-10-08
Jewish Board of Family and Children Services - Hempstead Mental Health ClinicHempstead72Closure2015-10-16
CMG YOTEL NYC LLC - CGM YOTEL (East & West)New York71Closure2015-10-05
Hillstone Restaurant Group, Inc. d/b/a Houston's RestaurantGarden City71Closure2015-10-19
Brasserie Restaurant, LLC owned by Patina Restaurant GroupNew York68Closure2015-10-01
Drew's Food CorporationBrooklyn51Closure2015-10-16

The most significant filing came from Sentry Safe, Inc at its Rochester facility, reporting 272 affected workers. Barclays Capital Inc. - Wealth and Investment Management Division followed with 268 workers.

Trend & Outlook

This is the third consecutive month of declining layoff activity.

The numbers illustrate a easing in workforce disruptions across New York, 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 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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