(NY) New York now becomes the next state to experience massive layoffs according to the latest WARN data.
In addition, Dutch bank ABN AMRO today announced layoffs in its New York City office which will result in 73 layoffs alone.
“Under the Worker Adjustment and Retraining Notification Act, an employer with more than 100 full-time workers must provide a 60-day notice before laying off 50 or more people at a single site. ABN Ambro has filed with the New York Department of Labor advising of layoffs.
The filing states that 73 employees located at 100 Park St in New York City will be laid off on December 31.
It is the latest layoff notice to hit New York in the past few weeks,” reports Ash Jurberg.
In 2023, layoffs in New York have risen to 16,156 and WARN notices have jumped to 147.
California is currently leading #1 with the most layoffs in the country this year followed by Colorado.
Below are the businesses that filed a WARN act with the New York Department of Labor advising of upcoming layoffs.
Upcoming Layoffs in New York 2023
Below is a list of the recently announced layoffs coming to New York this year:
- Pathway Vet Alliance 132 jobs were cut in Rochester.
- Management & Training Corporation (MTC) 171 jobs cut in New York City
- Centerra Group. 469 jobs cut across New York.
- Yellow Corporation. 1185 jobs cut across New York.
- Savarino Companies. 30 jobs cut Buffalo.
- CVS Health. 167 jobs cut in New York City.
- Indian Point Energy Center (IPEC). 30 jobs cut, Buchanan.
- Republic Steel. 185 jobs cut Blasdell.
- Charter Communications 426 jobs cut Syracuse.
- Fallon Health Weinberg 31 jobs cut Amherst.
- 29th Street NY Food and Beverage Operating Company 125 jobs cut in New York City.
- Alteryx, Inc. 30 jobs cut in New York City.
- Amyris Inc. 36 jobs cut in New York City.
- SDH Education West 75 jobs cut Albany.
- Poppin, Inc 71 jobs cut New York City.
- Gamma North Corporation 85 jobs cut, Alden.
Also Read: A New Wave of Massive Layoffs Now Hits Indiana
These Big Banks Are Now Closing in New York This Year
Many big banks will now be closing in New York this year according to the latest data from the Office of the Comptroller of the Currency (OCC).
As stated in previous reports, according to data from the Federal Deposit Insurance Corporation (FDIC), approximately 8,000 banks were in operation in 2000, but by 2022, this figure was halved.
This is a trend that analysts predict will continue to grow as online banking popularity entices the broader market.
“New York residents will see Capital One, Citizens Bank and JPMorgan Chase close their doors in the next three months, making it more difficult for customers to access basic banking services.
Bank of America, Community Bank, KeyBank, Santander Bank and Wells Fargo will also reportedly shutter outlets”, says Daily Mail.
These banks are now closing in New York between the months of September and October.
- Santander Bank. 717 Manhattan Ave, Brooklyn
- Flagstar Bank. 1445 Richmond Ave, Staten Island
- Flagstar Bank. 350 Motor Parkway, Hauppauge
- Flagstar Bank. 1351 Forest Ave, Staten Island
- Flagstar Bank. 3501 Amboy Rd, Staten
- Flagstar Bank. 335 Nesconset Hwy, Hauppage
- Flagstar Bank. 2656 Hylan Blvd, Staten Island
- Keybank. 3083 Carman Rd, Rotterdam
- JP Morgan. 533 5th Ave, Brooklyn
For more banking news and updates, join the newsletter below or feel free to browse the site using the search bar located in the menu.
Also Read: These Banks Are Now Closing in California This Year
Market News Published Daily 📰
Don’t forget to opt-in for push notifications so you don’t miss a single article!
Also, thank you to all of our blog sponsors. This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.
You can also follow me on Twitter, Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.
Become a Sponsor for only $1/mo.
- Gain access to EXCLUSIVE FrankNez articles you won’t find here.
- Become part of a private and safe Discord community, just for retail investors.
- Get drawn at the end of the year for holiday giveaways.
Recommended For You ✨
About The Author
Leave your thoughts below!