New York Layoffs — August 2006

Employers in New York reported 26 WARN Act notices in August 2006, displacing an estimated 1,087 workers — signaling an acceleration from July. The average filing covered 42 workers, with 9 closures among the notices.

Industry Breakdown

The Retail sector topped the list of affected industries with 59 workers across 1 notice. Notably, Professional Services reported 49 workers.

Geographic Hotspots

New York bore the heaviest burden, accounting for 32% of all affected workers with 346 workers across 6 notices.

Layoff Type Analysis

Closures accounted for 36% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.

Largest Layoffs

The most significant filing came from Credit Suisse Asset Management LLC (CSAM) at its New York facility, reporting 223 affected workers. Omnicare followed with 80 workers.

Trend & Outlook

This marks the third consecutive month of rising layoff activity.

The numbers illustrate mounting pressure on the New York labor market, with activity running above both recent and year-ago benchmarks. The Retail sector warrants close attention heading into the next period.

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