New York Layoffs — December 2015
Employers in New York filed 17 WARN Act notices in December 2015, impacting roughly 1,781 workers — representing a notable rise over November and up 112% versus December 2014. The average filing covered 105 workers, with 8 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Education | 2 | 294 |
| Finance & Insurance | 1 | 205 |
| Utilities | 1 | 72 |
| Manufacturing | 1 | 60 |
| Information & Technology | 2 | 2 |
| Professional Services | 1 | 1 |
The Education sector led the way in workforce reductions with 294 workers across 2 notices. In a parallel development, Finance & Insurance reported 205 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| New York | 4 | 912 |
| Oneida | 1 | 205 |
| Kings | 2 | 187 |
| Nassau | 1 | 171 |
| Suffolk | 1 | 123 |
New York saw the most concentrated activity, 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 |
The single largest action involved 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.
The data underscores mounting pressure on the New York labor market, with activity running above both recent and year-ago benchmarks. The Education 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.