Maryland Layoffs — August 2004
Employers in Maryland submitted 3 WARN Act notices in August 2004, putting at risk an estimated 136 workers — down from July and down 58% versus August 2003. The average filing covered 45 workers, with 1 closure among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 1 | 125 |
| Information & Technology | 1 | 10 |
| Manufacturing | 1 | 1 |
The Finance & Insurance sector emerged as the hardest-hit sector with 125 workers across 1 notice. Separately, Information & Technology reported 10 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Anne Arundel | 1 | 125 |
| Montgomery | 1 | 10 |
| Howard | 1 | 1 |
Anne Arundel bore the heaviest burden, accounting for 92% of all affected workers with 125 workers across 1 notices.
| City | Notices | Workers |
|---|---|---|
| Hanover | 1 | 125 |
| Gaithersburg | 1 | 10 |
| Columbia | 1 | 1 |
Layoff Type Analysis
| Type | Notices | Workers |
|---|---|---|
| Closure | 1 | 125 |
| Layoff | 2 | 11 |
The high proportion of closures (92% of affected workers) suggests structural shifts rather than temporary cutbacks in Maryland's labor market.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| CitiFinancial | Hanover | 125 | Closure | |
| Alexus Int'l | Gaithersburg | 10 | Layoff | |
| Guidant Sales | Columbia | 1 | Layoff |
Topping the list was CitiFinancial at its Hanover facility, reporting 125 affected workers. Alexus Int'l followed with 10 workers.
Trend & Outlook
This is the third consecutive month of declining layoff activity.
These figures highlight a easing in workforce disruptions across Maryland, 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 Maryland. 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 Maryland WARN notices, browse layoffs by state, or download the full dataset.