New York Layoffs — October 2023
Employers in New York filed 1 WARN Act notices in October 2023, impacting roughly 47 workers. The average filing covered 47 workers, with 0 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 1 | 47 |
The Finance & Insurance sector led the way in workforce reductions with 47 workers across 1 notice.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| New York | 1 | 47 |
New York was the epicenter of layoff activity, accounting for 100% of all affected workers with 47 workers across 1 notices.
| City | Notices | Workers |
|---|---|---|
| New York | 1 | 47 |
Layoff Type Analysis
Layoff type classification was not available for filings in New York this month.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Genesis Global Trading LLC (GGT) | New York | 47 |
The single largest action involved Genesis Global Trading LLC (GGT) at its New York facility, reporting 47 affected 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 Finance & Insurance 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.