New Mexico Layoffs — March 2020
Employers in New Mexico reported 4 WARN Act notices in March 2020, displacing an estimated 303 workers and up 18% versus March 2019. The average filing covered 76 workers, with 0 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Professional Services | 2 | 170 |
| Transportation | 1 | 83 |
| Healthcare | 1 | 50 |
The Professional Services sector topped the list of affected industries with 170 workers across 2 notices. Notably, Transportation reported 83 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Lea | 2 | 170 |
| Bernalillo | 2 | 133 |
Lea bore the heaviest burden, accounting for 56% of all affected workers with 170 workers across 2 notices.
| City | Notices | Workers |
|---|---|---|
| Hobbs | 1 | 85 |
| Albuquerque | 1 | 83 |
Layoff Type Analysis
Layoff type classification was not available for filings in New Mexico this month.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| FTS Intenrational Services, LLCs | 85 | |||
| FTS International Services | Hobbs | 85 | ||
| Southwest Airlines | Albuquerque | 83 | ||
| SPIRE Hospitality | 50 |
The most significant filing came from FTS Intenrational Services, LLCs at its New Mexico facility, reporting 85 affected workers. FTS International Services followed with 85 workers.
Trend & Outlook
After a dip last month, layoff activity has ticked back up.
The numbers illustrate mounting pressure on the New Mexico labor market, with activity running above both recent and year-ago benchmarks. The Professional Services sector warrants close attention heading into the next period.
This analysis is based on official WARN Act filings reported by New Mexico. 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 Mexico WARN notices, browse layoffs by state, or download the full dataset.