Maryland Layoffs — August 2016
Employers in Maryland posted 3 WARN Act notices in August 2016, affecting an estimated 350 workers and up 53% versus August 2015. The average filing covered 117 workers, with 0 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 1 | 138 |
| Professional Services | 1 | 137 |
| Retail | 1 | 75 |
The Finance & Insurance sector saw the heaviest impact with 138 workers across 1 notice. On a related front, Professional Services reported 137 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Montgomery | 1 | 138 |
| Prince Georges | 1 | 137 |
| Anne Arundel | 1 | 75 |
Montgomery saw the most concentrated activity, accounting for 39% of all affected workers with 138 workers across 1 notices.
| City | Notices | Workers |
|---|---|---|
| Bethesda | 1 | 138 |
| College Park | 1 | 137 |
| Laurel | 1 | 75 |
Layoff Type Analysis
Layoff type classification was not available for filings in Maryland this month.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| American Capital | Bethesda | 138 | ||
| SecTek | College Park | 137 | ||
| Safeway | Laurel | 75 |
The largest notice was filed by American Capital at its Bethesda facility, reporting 138 affected workers. SecTek followed with 137 workers.
Trend & Outlook
After a dip last month, layoff activity has ticked back up.
The trends suggest mounting pressure on the Maryland 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 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.