New Mexico Layoffs — September 2022

Employers in New Mexico recorded 5 WARN Act notices in September 2022, covering approximately 346 workers — marking a decline from August and down 6% versus September 2021. The average filing covered 69 workers, with 0 closures among the notices.

5
Notices Filed
346
Workers Affected
69
Avg per Notice
0
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance3174
Mining & Energy2172

The Finance & Insurance sector accounted for the largest share of job cuts with 174 workers across 3 notices. At the same time, Mining & Energy reported 172 workers.

Geographic Hotspots

CountyNoticesWorkers
Bernalillo3174
San Juan2172

Bernalillo saw the most concentrated activity, accounting for 50% of all affected workers with 174 workers across 3 notices.

CityNoticesWorkers
Albuquerque2116
Waterflow/Farmington186

Layoff Type Analysis

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

Largest Layoffs

CompanyCityWorkersTypeDate
Westmoreland San Juan Mining862022-09-01
Westmoreland San Juan MiningWaterflow/Farmington862022-09-01
BayFirst Financial582022-09-23
BayFirst FinancialAlbuquerque582022-09-23
BayFirst FinancialAlbuquerque582022-09-23

Leading the list was Westmoreland San Juan Mining at its New Mexico facility, reporting 86 affected workers. Westmoreland San Juan Mining followed with 86 workers.

Trend & Outlook

The filings reflect a easing in workforce disruptions across New Mexico, with filings falling below both recent and year-ago levels. The Finance & Insurance 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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