New York Layoffs — December 2015
Employers in New York submitted 17 WARN Act notices in December 2015, putting at risk an estimated 1,781 workers — up substantially from November and up 112% versus December 2014. The average filing covered 105 workers, with 8 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 3 | 675 |
| Information & Technology | 4 | 444 |
| Education | 2 | 294 |
| Manufacturing | 5 | 162 |
| Healthcare | 1 | 133 |
| Utilities | 1 | 72 |
| Professional Services | 1 | 1 |
The Finance & Insurance sector emerged as the hardest-hit sector with 675 workers across 3 notices. Separately, Information & Technology reported 444 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| New York | 4 | 912 |
| Oneida | 1 | 205 |
| Kings | 2 | 187 |
| Nassau | 1 | 171 |
| Suffolk | 1 | 123 |
New York felt the sharpest impact, accounting for 51% of all affected workers with 912 workers across 4 notices.
| City | Notices | Workers |
|---|---|---|
| New York | 4 | 912 |
| Utica | 1 | 205 |
| Brooklyn | 2 | 187 |
| Bethpage | 1 | 171 |
| Patchogue | 1 | 123 |
Layoff Type Analysis
| Type | Notices | Workers |
|---|---|---|
| Layoff | 9 | 1,094 |
| Closure | 8 | 687 |
Closures accounted for 39% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Morgan Stanley (Various NYC sites) | New York | 414 | Layoff | |
| Credit Suisse Securities (USA) | New York | 307 | Layoff | |
| Bank of America - Shared Service Operations Unit | Utica | 205 | Layoff | |
| Briarcliffe College | Bethpage | 171 | Closure | |
| Credit Suisse Securities (USA) | New York | 163 | Layoff | |
| AdvantageCare Physicians, P.C | Brooklyn | 133 | Closure | |
| Briarcliffe College | Patchogue | 123 | Closure | |
| NRG Energy, Inc. - Huntley Generating Station | Tonawanda | 72 | Closure | |
| Novartis Pharmaceuticals | Suffern | 60 | Closure | |
| Capsys | Brooklyn | 54 | Closure | |
| Daikin Applied | Auburn | 46 | Closure | |
| PCH Communications d/b/a Commonground/ MGS | New York | 28 | Closure | |
| Eastman Kodak Company (Kodak Office) - (Off- site employee) | Rochester | 1 | Layoff | |
| Eastman Kodak Company (Rochester Tech Park) | Rochester | 1 | Layoff | |
| Eastman Kodak Company (Kodak Research Labs) | Rochester | 1 | Layoff |
Topping the list was Morgan Stanley (Various NYC sites) at its New York facility, reporting 414 affected workers. Credit Suisse Securities (USA) followed with 307 workers.
Trend & Outlook
After a dip last month, layoff activity has ticked back up.
These figures highlight 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.