Colorado Layoffs — August 2018

Employers in Colorado reported 21 WARN Act notices in August 2018, displacing an estimated 1,926 workers — signaling an acceleration from July and up 2193% versus August 2017. The average filing covered 92 workers, with 2 closures among the notices.

21
Notices Filed
1,926
Workers Affected
92
Avg per Notice
2
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance5365

The Finance & Insurance sector topped the list of affected industries with 365 workers across 5 notices.

Geographic Hotspots

CountyNoticesWorkers
El Paso175

El Paso saw the most concentrated activity, accounting for 4% of all affected workers with 75 workers across 1 notices.

CityNoticesWorkers
Pikes Peak4694
Weld1186
Colorado Springs175
Adams18

Layoff Type Analysis

TypeNoticesWorkers
Closure2209

Closures accounted for 11% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.

Largest Layoffs

CompanyCityWorkersTypeDate
Conduent Commercial Solutions LLC4102018-08-10
Conduent Commercial Solutions LLCPikes Peak4102018-08-10
Startek Inc1862018-08-17
StarTekWeld1862018-08-17
Jackson National Life Insurance Company156Closure2018-08-13
Jackson National Life Insurance CompanyPikes Peak1562018-08-13
General Dynamics752018-08-01
General DynamicsPikes Peak752018-08-01
General Dynamics Update 8-22-18 - Layoff date changed to 12/31/18752018-08-22
General DynamicsColorado Springs752018-08-22
Wells Fargo/Consumer Lending Group Home Equity Fullfillment Group53Closure2018-08-23
Wells FargoPikes Peak532018-08-23
Ameritrade Holding Company82018-08-09
Ameritrade Holding CompanyAdams82018-08-09
General DynamicsN/A2018-08-01

The most significant filing came from Conduent Commercial Solutions LLC at its Colorado facility, reporting 410 affected workers. Conduent Commercial Solutions LLC followed with 410 workers.

Trend & Outlook

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

The numbers illustrate mounting pressure on the Colorado 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 Colorado. 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 Colorado WARN notices, browse layoffs by state, or download the full dataset.

Get weekly layoff reports in your inbox

Free weekly digest of WARN Act filings and analysis.

Want the full dataset?

Browse Layoff Data Get API Access