Employers in New York recorded 17 WARN Act notices in December 2015, covering approximately 1,697 workers — marking a sharp increase from November and up 116% versus December 2014. The average filing covered 100 workers, with 9 closures among the notices.
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 4 | 1,005 |
| Education | 2 | 294 |
| Manufacturing | 3 | 160 |
| Admin & Support Services | 1 | 133 |
| Utilities | 1 | 72 |
| Professional Services | 1 | 28 |
| Other | 5 | 5 |
The Finance & Insurance sector accounted for the largest share of job cuts with 1,005 workers across 4 notices. At the same time, Education reported 294 workers.
| County | Notices | Workers |
|---|---|---|
| New York | 4 | 828 |
| Oneida | 1 | 205 |
| Kings | 2 | 187 |
| Nassau | 1 | 171 |
| Suffolk | 1 | 123 |
New York saw the most concentrated activity, accounting for 49% of all affected workers with 828 workers across 4 notices.
| City | Notices | Workers |
|---|---|---|
| New York | 4 | 828 |
| Utica | 1 | 205 |
| Brooklyn | 2 | 187 |
| Bethpage | 1 | 171 |
| Patchogue | 1 | 123 |
| Type | Notices | Workers |
|---|---|---|
| Layoff | 8 | 931 |
| Closure | 9 | 766 |
Closures accounted for 45% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Morgan Stanley (Various NYC sites) | New York | 414 | Layoff | 2015-12-08 |
| Credit Suisse Securities (USA) LLC | New York | 307 | Layoff | 2015-12-18 |
| Bank of America - Shared Service Operations Unit | Utica | 205 | Layoff | 2015-12-11 |
| Briarcliffe College, Inc | Bethpage | 171 | Closure | 2015-12-04 |
| AdvantageCare Physicians, P.C | Brooklyn | 133 | Closure | 2015-12-17 |
| Briarcliffe College, Inc | Patchogue | 123 | Closure | 2015-12-04 |
| RCS Capital Corporation - (Realty Capital Securities) | New York | 79 | Closure | 2015-12-03 |
| NRG Energy, Inc. - Huntley Generating Station | Tonawanda | 72 | Closure | 2015-12-18 |
| Novartis Pharmaceuticals Corporation | Suffern | 60 | Closure | 2015-12-08 |
| Capsys Corporation | Brooklyn | 54 | Closure | 2015-12-11 |
| Daikin Applied | Auburn | 46 | Closure | 2015-12-23 |
| PCH Communications d/b/a Commonground/ MGS | New York | 28 | Closure | 2015-12-05 |
| Eastman Kodak Company (Kodak Office) - (Off- site employee) | Rochester | 1 | Layoff | 2015-12-11 |
| Eastman Kodak Company (Rochester Tech Park) | Rochester | 1 | Layoff | 2015-12-14 |
| Eastman Kodak Company (Kodak Research Labs) | Rochester | 1 | Layoff | 2015-12-14 |
Leading the list was Morgan Stanley (Various NYC sites) at its New York facility, reporting 414 affected workers. Credit Suisse Securities (USA) LLC followed with 307 workers.
After a dip last month, layoff activity has ticked back up.
The filings reflect mounting pressure on the New York labor market, with activity running above both recent and year-ago benchmarks. 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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