Maryland Layoffs — August 2007
Employers in Maryland submitted 4 WARN Act notices in August 2007, putting at risk an estimated 242 workers — down from July and up 22% versus August 2006. The average filing covered 60 workers, with 2 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 2 | 140 |
| Information & Technology | 1 | 55 |
| Manufacturing | 1 | 47 |
The Finance & Insurance sector emerged as the hardest-hit sector with 140 workers across 2 notices. Separately, Information & Technology reported 55 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Anne Arundel | 2 | 102 |
| Howard | 1 | 90 |
| Frederick | 1 | 50 |
Anne Arundel bore the heaviest burden, accounting for 42% of all affected workers with 102 workers across 2 notices.
| City | Notices | Workers |
|---|---|---|
| Columbia | 1 | 90 |
| Fort Meade | 1 | 55 |
| Frederick | 1 | 50 |
| Baltimore | 1 | 47 |
Layoff Type Analysis
| Type | Notices | Workers |
|---|---|---|
| Layoff | 2 | 137 |
| Closure | 2 | 105 |
Closures accounted for 43% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Fieldstone Mortgage | Columbia | 90 | Layoff | |
| Alutiiq-Wackenhut Security Services | Fort Meade | 55 | Closure | |
| VIANT Payment Systems | Frederick | 50 | Closure | |
| Sasol North America | Baltimore | 47 | Layoff |
Topping the list was Fieldstone Mortgage at its Columbia facility, reporting 90 affected workers. Alutiiq-Wackenhut Security Services followed with 55 workers.
Trend & Outlook
This is the third consecutive month of declining layoff activity.
These figures highlight a mixed picture for Maryland's labor market, with activity diverging between monthly and annual comparisons. 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.