PR Layoffs — October 2020
Employers in PR logged 1 WARN Act notices in October 2020, involving roughly 171 workers. The average filing covered 171 workers, with 1 closure among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 1 | 171 |
The Finance & Insurance sector dominated layoff filings with 171 workers across 1 notice.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| San Juan | 1 | 171 |
San Juan was the epicenter of layoff activity, accounting for 100% of all affected workers with 171 workers across 1 notices.
| City | Notices | Workers |
|---|---|---|
| San Juan | 1 | 171 |
Layoff Type Analysis
| Type | Notices | Workers |
|---|---|---|
| Closure | 1 | 171 |
The high proportion of closures (100% of affected workers) suggests structural shifts rather than temporary cutbacks in PR's labor market.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Santander Consumer Puerto Rico | San Juan | 171 | Closure |
The biggest impact was at Santander Consumer Puerto Rico at its San Juan facility, reporting 171 affected workers.
Trend & Outlook
After a dip last month, layoff activity has ticked back up.
This data points to mounting pressure on the PR 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 PR. 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 PR WARN notices, browse layoffs by state, or download the full dataset.