New York Layoffs — January 2013
Employers in New York posted 23 WARN Act notices in January 2013, affecting an estimated 1,959 workers — reflecting a cooling compared to December and up 14% versus January 2012. The average filing covered 85 workers, with 12 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 2 | 578 |
| Accommodation & Food | 1 | 94 |
| Professional Services | 1 | 58 |
| Manufacturing | 2 | 29 |
| Transportation | 1 | 7 |
The Finance & Insurance sector saw the heaviest impact with 578 workers across 2 notices. On a related front, Accommodation & Food reported 94 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Kings | 2 | 613 |
| New York | 7 | 438 |
| Chautauqua | 2 | 276 |
| Albany | 1 | 220 |
| Washington | 1 | 183 |
Kings felt the sharpest impact, accounting for 31% of all affected workers with 613 workers across 2 notices.
| City | Notices | Workers |
|---|---|---|
| Brooklyn | 2 | 613 |
| New York | 7 | 438 |
| Albany | 1 | 220 |
| Argyle | 1 | 183 |
| Silver Creek | 1 | 143 |
Layoff Type Analysis
| Type | Notices | Workers |
|---|---|---|
| Closure | 12 | 1,557 |
| Layoff | 11 | 402 |
The high proportion of closures (79% of affected workers) suggests structural shifts rather than temporary cutbacks in New York's labor market.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| JPMorgan Chase - Mortgage Bank -Independent Foreclosure Review | Brooklyn | 529 | Closure | |
| LexisNexis a division of Reed Elsevier | Albany | 220 | Closure | |
| Covidien | Argyle | 183 | Closure | |
| Petri Baking Products | Silver Creek | 143 | Closure | |
| The Carriage House Companies | Dunkirk | 133 | Closure | |
| Morgan Stanley (Various NYC sites) | New York | 133 | Layoff | |
| Beekman Tower Hotel | New York | 94 | Closure | |
| Morgan Stanley (Various NYC sites) | New York | 84 | Layoff | |
| First to Care Home Care, Inc. d/b/a First to Care | Brooklyn | 84 | Closure | |
| Morgan Stanley (Various NYC sites) | New York | 58 | Layoff | |
| Endo Health Solutions (Research & Development) | Westbury | 58 | Closure | |
| Frontier Insurance | Rock Hill | 49 | Closure | |
| Pfizer | Pearl River | 44 | Layoff | |
| Morgan Stanley (Various NYC sites) | New York | 39 | Layoff | |
| BorgWarner Morse TEC/Powdered Metal Operation (PMO) | Cortland | 35 | Closure |
The largest notice was filed by JPMorgan Chase - Mortgage Bank -Independent Foreclosure Review at its Brooklyn facility, reporting 529 affected workers. LexisNexis a division of Reed Elsevier followed with 220 workers.
Trend & Outlook
The trends suggest a mixed picture for New York'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 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.