Maryland Layoffs — October 2016

Employers in Maryland reported 4 WARN Act notices in October 2016, displacing an estimated 260 workers — signaling a deceleration from September and down 32% versus October 2015. The average filing covered 65 workers, with 0 closures among the notices.

4
Notices Filed
260
Workers Affected
65
Avg per Notice
0
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance2188

The Finance & Insurance sector topped the list of affected industries with 188 workers across 2 notices.

Geographic Hotspots

CountyNoticesWorkers
Montgomery2130

Montgomery bore the heaviest burden, accounting for 50% of all affected workers with 130 workers across 2 notices.

CityNoticesWorkers
Bethesda2130

Layoff Type Analysis

TypeNoticesWorkers
Layoff2130

Largest Layoffs

CompanyCityWorkersTypeDate
Ameritas Insurance Company94Layoff2016-10-25
Ameritas Insurance CompanyBethesda942016-10-25
Europ Assistance USA, Inc36Layoff2016-10-25
Europ Assistance USA, IncBethesda362016-10-25

The most significant filing came from Ameritas Insurance Company at its Maryland facility, reporting 94 affected workers. Ameritas Insurance Company followed with 94 workers.

Trend & Outlook

This is the third consecutive month of declining layoff activity.

The numbers illustrate a easing in workforce disruptions across Maryland, 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 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.

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