New Mexico Layoffs — March 2020

Employers in New Mexico reported 6 WARN Act notices in March 2020, displacing an estimated 405 workers and down 47% versus March 2019. The average filing covered 68 workers, with 0 closures among the notices.

Industry Breakdown

Industry	Notices	Workers
Healthcare	3	150

The Healthcare sector topped the list of affected industries with 150 workers across 3 notices.

Geographic Hotspots

County	Notices	Workers
Lea	3	255
Bernalillo	3	150

Lea felt the sharpest impact, accounting for 63% of all affected workers with 255 workers across 3 notices.

City	Notices	Workers
Hobbs	2	170
Albuquerque	2	100

Layoff Type Analysis

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

Largest Layoffs

Company	City	Workers	Type	Date
FTS Intenrational Services, LLCs		85		2020-03-16
FTS Intenrational Services, LLCs	Hobbs	85		2020-03-16
FTS International Services	Hobbs	85		2020-03-16
SPIRE Hospitality		50		2020-03-25
SPIRE Hospitality	Albuquerque	50		2020-03-25
SPIRE Hospitality	Albuquerque	50		2020-03-25

The most significant filing came from FTS Intenrational Services, LLCs at its New Mexico facility, reporting 85 affected workers. FTS Intenrational Services, LLCs followed with 85 workers.

Trend & Outlook

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

The numbers illustrate a mixed picture for New Mexico's labor market, with activity diverging between monthly and annual comparisons. The Healthcare 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.