Colorado Layoffs — October 2023
Employers in Colorado posted 5 WARN Act notices in October 2023, affecting an estimated 209 workers — reflecting a significant uptick compared to September and up 410% versus October 2022. The average filing covered 42 workers, with 1 closure among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Information & Technology | 2 | 86 |
| Wholesale Trade | 1 | 67 |
| Government | 1 | 51 |
| Manufacturing | 1 | 5 |
The Information & Technology sector saw the heaviest impact with 86 workers across 2 notices. On a related front, Wholesale Trade reported 67 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Adams | 1 | 67 |
| El Paso | 2 | 56 |
| Pueblo | 1 | 2 |
Adams was the epicenter of layoff activity, accounting for 32% of all affected workers with 67 workers across 1 notices.
| City | Notices | Workers |
|---|---|---|
| Denver | 1 | 67 |
| Pikes Peak | 2 | 56 |
| Pueblo | 1 | 2 |
Layoff Type Analysis
| Type | Notices | Workers |
|---|---|---|
| Closure | 1 | 67 |
Closures accounted for 32% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| SMX Cargo | 84 | |||
| Depuy Spine Limited Partnership (Johnson & Johnson) | Denver | 67 | Closure | |
| Cygnus Home Service DBA Yelloh | Pikes Peak | 51 | ||
| DePuy Synthes (Johnson & Johnson) | Pikes Peak | 5 | ||
| Gannett (Pueblo Chieftian) - Update | Pueblo | 2 |
The largest notice was filed by SMX Cargo at its Colorado facility, reporting 84 affected workers. Depuy Spine Limited Partnership (Johnson & Johnson) followed with 67 workers.
Trend & Outlook
After a dip last month, layoff activity has ticked back up.
The trends suggest mounting pressure on the Colorado labor market, with activity running above both recent and year-ago benchmarks. The Information & Technology 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.