New Mexico Layoffs — August 2020
Employers in New Mexico recorded 4 WARN Act notices in August 2020, covering approximately 491 workers — marking a sharp increase from July and up 327% versus August 2019. The average filing covered 123 workers, with 0 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Mining & Energy | 1 | 290 |
| Information & Technology | 2 | 129 |
| Manufacturing | 1 | 72 |
The Mining & Energy sector accounted for the largest share of job cuts with 290 workers across 1 notice. At the same time, Information & Technology reported 129 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| McKinley | 1 | 290 |
| Bernalillo | 2 | 136 |
| Eddie | 1 | 65 |
McKinley absorbed the greatest share of layoffs, accounting for 59% of all affected workers with 290 workers across 1 notices.
| City | Notices | Workers |
|---|---|---|
| Albuquerque | 3 | 201 |
Layoff Type Analysis
Layoff type classification was not available for filings in New Mexico this month.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Marathon Petroleum | 290 | |||
| CTS Electronic Components | Albuquerque | 72 | ||
| Albuquerque Publishing | Albuquerque | 65 | ||
| Albuquerque Publishing | Albuquerque | 64 |
Leading the list was Marathon Petroleum at its New Mexico facility, reporting 290 affected workers. CTS Electronic Components followed with 72 workers.
Trend & Outlook
This marks the third consecutive month of rising layoff activity.
The filings reflect 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.