Connecticut Layoffs — October 2016

Employers in Connecticut reported 4 WARN Act notices in October 2016, displacing an estimated 406 workers — signaling an acceleration from September and down 75% versus October 2015. The average filing covered 102 workers, with 0 closures among the notices.

Industry Breakdown

Industry	Notices	Workers
Finance & Insurance	2	80

The Finance & Insurance sector topped the list of affected industries with 80 workers across 2 notices.

Geographic Hotspots

County	Notices	Workers
Fairfield	4	406

Fairfield felt the sharpest impact, accounting for 100% of all affected workers with 406 workers across 4 notices.

City	Notices	Workers
Stamford	4	406

Layoff Type Analysis

Type	Notices	Workers
Layoff	2	203

Largest Layoffs

Company	City	Workers	Type	Date
Marriott International, Inc	Stamford	163	Layoff	2016-10-27
Marriott International	Stamford	163		2016-10-27
Royal Bank of Scotland, Plc and RBS Securities Inc. (Updated Notice)	Stamford	40	Layoff	2016-10-20
Royal Bank of Scotland Plc and RBS Securities Inc	Stamford	40		2016-10-20

The most significant filing came from Marriott International, Inc at its Stamford facility, reporting 163 affected workers. Marriott International followed with 163 workers.

Trend & Outlook

After a dip last month, layoff activity has ticked back up.

The numbers illustrate a mixed picture for Connecticut's labor market, with activity diverging between monthly and annual comparisons. The Finance & Insurance sector warrants close attention heading into the next period.

This analysis is based on official WARN Act filings reported by Connecticut. 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 Connecticut WARN notices, browse layoffs by state, or download the full dataset.