New Mexico Layoffs — August 2020

Employers in New Mexico submitted 9 WARN Act notices in August 2020, putting at risk an estimated 1,279 workers — up substantially from July and up 271% versus August 2019. The average filing covered 142 workers, with 0 closures among the notices.

9
Notices Filed
1,279
Workers Affected
142
Avg per Notice
0
Closures

Industry Breakdown

IndustryNoticesWorkers
Mining & Energy3870
Information & Technology3193

The Mining & Energy sector emerged as the hardest-hit sector with 870 workers across 3 notices. Separately, Information & Technology reported 193 workers.

Geographic Hotspots

CountyNoticesWorkers
McKinley3870
Bernalillo5344
Eddie165

McKinley felt the sharpest impact, accounting for 68% of all affected workers with 870 workers across 3 notices.

CityNoticesWorkers
Gallup2580
Albuquerque4273

Layoff Type Analysis

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

Largest Layoffs

CompanyCityWorkersTypeDate
Marathon Petroleum Company LP2902020-08-26
Marathon Petroleum Company LPGallup2902020-08-26
Marathon Petroleum Company LPGallup2902020-08-26
CTS Electronic Components, Inc722020-08-24
CTS Electronic Components, IncAlbuquerque722020-08-24
CTS Electronic Components, IncAlbuquerque722020-08-24
Albuquerque Publishing CompanyAlbuquerque652020-08-11
Albuquerque Publishing Company642020-08-11
Albuquerque Publishing CompanyAlbuquerque642020-08-11

Topping the list was Marathon Petroleum Company LP at its New Mexico facility, reporting 290 affected workers. Marathon Petroleum Company LP followed with 290 workers.

Trend & Outlook

This marks the third consecutive month of rising layoff activity.

These figures highlight mounting pressure on the New Mexico labor market, with activity running above both recent and year-ago benchmarks. The Mining & Energy 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.

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