New York Layoffs — October 2007
Employers in New York reported 19 WARN Act notices in October 2007, displacing an estimated 1,816 workers — signaling an acceleration from September and up 98% versus October 2006. The average filing covered 96 workers, with 8 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 5 | 495 |
| Retail | 1 | 94 |
| Manufacturing | 1 | 52 |
The Finance & Insurance sector topped the list of affected industries with 495 workers across 5 notices. Notably, Retail reported 94 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| New York | 4 | 446 |
| Nassau | 2 | 267 |
| Broome | 3 | 223 |
| Oneida | 2 | 206 |
| Westchester | 1 | 150 |
New York was the epicenter of layoff activity, accounting for 25% of all affected workers with 446 workers across 4 notices.
| City | Notices | Workers |
|---|---|---|
| New York | 4 | 446 |
| Binghamton | 2 | 192 |
| Farmingdale | 1 | 183 |
| Rye Brook | 1 | 150 |
| Orangeburg | 1 | 150 |
Layoff Type Analysis
| Type | Notices | Workers |
|---|---|---|
| Layoff | 10 | 851 |
| Closure | 7 | 561 |
| Temporary Closure | 1 | 268 |
| Temporary Layoff | 1 | 136 |
Closures accounted for 46% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| IHMS, LLC dba The Pierre | New York | 268 | Temporary Closure | |
| IWCO Direct | Farmingdale | 183 | Layoff | |
| Cadbury Schweppes Americas Beverages | Rye Brook | 150 | Layoff | |
| WMC-GEMB Mortgage | Orangeburg | 150 | Closure | |
| Owens Corning | Feura Bush | 136 | Temporary Layoff | |
| M&T Bank | New Hartford | 126 | Layoff | |
| The Peninsula New York Partnership dba The Peninsula New York | New York | 100 | Layoff | |
| M&T Bank | Binghamton | 97 | Layoff | |
| Taylor & Francis Group | Binghamton | 95 | Closure | |
| Kmart | Amherst | 94 | Closure | |
| Sodexo | East Meadow | 84 | Closure | |
| M&T Bank | Utica | 80 | Layoff | |
| Southworth-Milton | Rochester | 55 | Closure | |
| Philips Electronics North America | New York | 52 | Closure | |
| M&T Bank | Syracuse | 42 | Layoff |
The most significant filing came from IHMS, LLC dba The Pierre at its New York facility, reporting 268 affected workers. IWCO Direct followed with 183 workers.
Trend & Outlook
After a dip last month, layoff activity has ticked back up.
The numbers illustrate mounting pressure on the New York labor market, with activity running above both recent and year-ago benchmarks. The Finance & Insurance 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.