Minnesota Layoffs — August 2018
Employers in Minnesota recorded 3 WARN Act notices in August 2018, covering approximately 285 workers — marking a decline from July and up 883% versus August 2017. The average filing covered 95 workers, with 0 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 1 | 115 |
| Education | 1 | 110 |
| Information & Technology | 1 | 60 |
The Finance & Insurance sector accounted for the largest share of job cuts with 115 workers across 1 notice. At the same time, Education reported 110 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Hennepin | 1 | 115 |
| Anoka | 1 | 110 |
| Mcleod | 1 | 60 |
Hennepin saw the most concentrated activity, accounting for 40% of all affected workers with 115 workers across 1 notices.
| City | Notices | Workers |
|---|---|---|
| St. Louis Park | 1 | 115 |
| Minneapolis | 1 | 110 |
| Hutchinson | 1 | 60 |
Layoff Type Analysis
Layoff type classification was not available for filings in Minnesota this month.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Wells Fargo Home Mortgage | St. Louis Park | 115 | ||
| Capella University | Minneapolis | 110 | ||
| Hutchinson Technology | Hutchinson | 60 |
Leading the list was Wells Fargo Home Mortgage at its St. Louis Park facility, reporting 115 affected workers. Capella University followed with 110 workers.
Trend & Outlook
This is the third consecutive month of declining layoff activity.
The filings reflect a mixed picture for Minnesota'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 Minnesota. 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 Minnesota WARN notices, browse layoffs by state, or download the full dataset.