New Mexico Layoffs — January 2018

Employers in New Mexico recorded 6 WARN Act notices in January 2018, covering approximately 882 workers and up 7% versus January 2017. The average filing covered 147 workers, with 0 closures among the notices.

Industry Breakdown

Industry	Notices	Workers
Utilities	3	696

The Utilities sector accounted for the largest share of job cuts with 696 workers across 3 notices.

Geographic Hotspots

County	Notices	Workers
San Juan	3	696
Bernalillo	3	186

San Juan absorbed the greatest share of layoffs, accounting for 79% of all affected workers with 696 workers across 3 notices.

City	Notices	Workers
Aztec	2	464
Albuquerque	2	124

Layoff Type Analysis

Layoff type classification was not available for filings in New Mexico this month.

Largest Layoffs

Company	City	Workers	Type	Date
XTO Energy Inc		232		2018-01-24
XTO Energy Inc	Aztec	232		2018-01-24
XTO Energy Inc	Aztec	232		2018-01-24
Lockheed Martin Corporation Rotary & Mission Systems		62		2018-01-29
Lockheed Martin Corporation Rotary & Mission Systems	Albuquerque	62		2018-01-29
Lockheed Martin Corporation	Albuquerque	62		2018-01-29

Leading the list was XTO Energy Inc at its New Mexico facility, reporting 232 affected workers. XTO Energy Inc followed with 232 workers.

Trend & Outlook

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

The filings reflect mounting pressure on the New Mexico labor market, with activity running above both recent and year-ago benchmarks. The Utilities sector warrants close attention heading into the next period.

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