New Mexico Layoffs — January 2024
Employers in New Mexico logged 2 WARN Act notices in January 2024, involving roughly 191 workers and up 6267% versus January 2023. The average filing covered 96 workers, with 0 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Manufacturing | 1 | 123 |
The Manufacturing sector dominated layoff filings with 123 workers across 1 notice.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Bernalillo | 1 | 123 |
| Otero | 1 | 68 |
Bernalillo felt the sharpest impact, accounting for 64% of all affected workers with 123 workers across 1 notices.
| City | Notices | Workers |
|---|---|---|
| Albuquerque | 1 | 123 |
| Alamogordo | 1 | 68 |
Layoff Type Analysis
Layoff type classification was not available for filings in New Mexico this month.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| BIMBO Bakeries | Albuquerque | 123 | ||
| Cti | Alamogordo | 68 |
The biggest impact was at BIMBO Bakeries at its Albuquerque facility, reporting 123 affected workers. Cti followed with 68 workers.
Trend & Outlook
After a dip last month, layoff activity has ticked back up.
This data points to mounting pressure on the New Mexico labor market, with activity running above both recent and year-ago benchmarks. The Manufacturing 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.