North Carolina Layoffs — August 2024

Employers in North Carolina recorded 4 WARN Act notices in August 2024, covering approximately 601 workers — marking a decline from July and down 78% versus August 2023. The average filing covered 150 workers, with 2 closures among the notices.

4
Notices Filed
601
Workers Affected
150
Avg per Notice
2
Closures

Industry Breakdown

IndustryNoticesWorkers
Healthcare14

The Healthcare sector accounted for the largest share of job cuts with 4 workers across 1 notice.

Geographic Hotspots

CountyNoticesWorkers
Cabarrus2327
Iredell1217
Wake157

Cabarrus saw the most concentrated activity, accounting for 54% of all affected workers with 327 workers across 2 notices.

CityNoticesWorkers
Kannapolis1323
Troutman1217
Carey157
Concord14

Layoff Type Analysis

TypeNoticesWorkers
Closure2540
Layoff261

The high proportion of closures (90% of affected workers) suggests structural shifts rather than temporary cutbacks in North Carolina's labor market.

Largest Layoffs

CompanyCityWorkersTypeDate
Stewart-Haas RacingKannapolis323Closure2024-08-19
Keystone Powdered Metal CompanyTroutman217Closure2024-08-28
HCL America, IncCarey57Layoff2024-08-29
Avante Health, IncConcord4Layoff2024-08-05

Leading the list was Stewart-Haas Racing at its Kannapolis facility, reporting 323 affected workers. Keystone Powdered Metal Company followed with 217 workers.

Trend & Outlook

This is the third consecutive month of declining layoff activity.

The filings reflect a easing in workforce disruptions across North Carolina, with filings falling below both recent and year-ago levels. The Healthcare sector warrants close attention heading into the next period.

This analysis is based on official WARN Act filings reported by North Carolina. 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 North Carolina WARN notices, browse layoffs by state, or download the full dataset.

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