Colorado Layoffs — March 2019
Employers in Colorado logged 6 WARN Act notices in March 2019, involving roughly 1,143 workers — climbing above February and up 237% versus March 2018. The average filing covered 190 workers, with 3 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 1 | 850 |
| Manufacturing | 3 | 173 |
| Transportation | 2 | 120 |
The Finance & Insurance sector dominated layoff filings with 850 workers across 1 notice. Meanwhile, Manufacturing reported 173 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Cheyenne | 1 | 850 |
| Adams | 2 | 121 |
| Broomfield | 2 | 112 |
| El Paso | 1 | 60 |
Cheyenne absorbed the greatest share of layoffs, accounting for 74% of all affected workers with 850 workers across 1 notices.
| City | Notices | Workers |
|---|---|---|
| Arapahoe | 1 | 850 |
| Denver | 2 | 121 |
| Broomfield | 2 | 112 |
| Pikes Peak | 1 | 60 |
Layoff Type Analysis
| Type | Notices | Workers |
|---|---|---|
| Closure | 3 | 177 |
Closures accounted for 15% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Invesco (OppenheimerFunds OFI) | Arapahoe | 850 | ||
| Westrock | Denver | 61 | Closure | |
| National Express Group, PLC | Pikes Peak | 60 | ||
| National Express Transit (NEXT) | Denver | 60 | Closure | |
| Sandoz Inc, A Novartis Division (Next Phase) | Broomfield | 56 | Closure | |
| Novartis Pharmaceuticals | Broomfield | 56 |
The biggest impact was at Invesco (OppenheimerFunds OFI) at its Arapahoe facility, reporting 850 affected workers. Westrock followed with 61 workers.
Trend & Outlook
This marks the third consecutive month of rising layoff activity.
This data points to mounting pressure on the Colorado 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 Colorado. 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 Colorado WARN notices, browse layoffs by state, or download the full dataset.