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Layoff notices

Finance and insurance layoff notices

In the 12 months to October 20, 2026, 16 employers in finance and insurance filed 66 WARN notices, naming at least 3,376 workers, and 1 more is filed for a date after that, naming 59 workers. The 12 months before had 30 notices naming 1,472 workers.

These are the employers whose industry we know from the NAICS code on their own H-1B wage filings. Together they filed notices naming 26% of the year's workers, so this page shows part of finance and insurance, and a count here is a floor.

Past 12 months
66 notices
At least 3,376 workers
The 12 months before
30 notices
1,472 workers
Filed for a later date
1 notice
59 workers

Notices dated October 21, 2025 to October 20, 2026. 3 of 66 list no headcount, so the worker total is a floor. By state, in workers: New York 1,167, California 790, New Jersey 617, Louisiana 216, Texas 205, Massachusetts 166, District of Columbia 85, Arizona 35. What we count.

Largest employers in the industry

1. Citibank, N.A.
1,148 workers in 5 notices
2. Elevance Health, Inc.
301 workers in 2 notices
3. SMBC Manubank
293 workers in 32 notices
4. Morgan Stanley
274 workers in 7 notices
5. PayPal
251 workers in 1 notice
7. Truist Bank
205 workers in 1 notice
8. Chime Financial, Inc.
135 workers in 1 notice
9. Cigna Evernorth Services, Inc.
134 workers in 1 notice
10. Barclays Services Corporation
80 workers in 1 notice

The 10 largest of 16 employers, by workers named.

The notices

Newest first. The date shown is the notice date, or the effective date where a state publishes only that. How to read a WARN notice.

Citibank, N.A. · State notice
Hudson County, NJ · 59 workers · effective Oct 2026
SMBC Manubank · State notice
MULTIPLE LOCATIONS, FL · 9 workers · effective Oct 2026
SMBC Manubank · State notice
277 Park Ave, New York, New York, GA · 5 workers · effective Oct 2026 · Mass layoff
SMBC Manubank (aka JeniusBank) · State notice
Statewide, Statewide, MA · 3 workers · effective Oct 2026
SMBC MANUBANK · State notice
MI · headcount unlisted · effective Oct 2026
SMBC MANUBANK · State notice
Various, PA · headcount unlisted · effective Oct 2026 · Closure
Sumitomo Mitsui Banking Corporation · State notice
Jersey City, NJ · 75 workers · effective Oct 2026
City National Bank - Grand Ave. · State notice
350 S. Grand Ave. Los Angeles CA 90071 · 15 workers · notice Sep 2026 · Mass layoff
City National Bank - Flower Street · State notice
555 S. Flower St. Los Angeles CA 90071 · 4 workers · notice Sep 2026 · Mass layoff
Elevance Health, Inc. · State notice
LA · 216 workers · notice Sep 2026
Show the other 20 notices
Truist Bank · State notice
Arlington, TX · 205 workers · notice Sep 2026
PayPal · State notice
2211 N. First Street San Jose CA 95131 · 251 workers · notice Aug 2026 · Mass layoff
SMBC MANUBANK · State notice
New York, AZ · 23 workers · notice Aug 2026
SMBC Manubank · State notice
Aldie, Arlington, Reston, Maidens & Henrico VA · 5 workers · notice Aug 2026 · Closure
SMBC Manubank · State notice
277 Park Avenue New York, NY 10172, MD · headcount unlisted · notice Aug 2026 · Mass layoff
SMBC MANUBANK · State notice
277 Park Ave, New York, Georgia, GA · 3 workers · effective Aug 2026 · Mass layoff
SMBC Manubank · State notice
Remote in Washington, WA · 3 workers · effective Aug 2026 · Mass layoff
SMBC Manubank (dba JeniusBank) · State notice
Statewide, Statewide, MA · 2 workers · effective Aug 2026
Chime Financial, Inc. · State notice
101 California Street, Suite 500 San Francisco CA 94111 · 135 workers · notice Jul 2026 · Mass layoff
Elevance Health · State notice
Washington D.C., DC · 85 workers · notice Jul 2026 · Mass layoff
Citibank, N.A. · State notice
Hudson and Bergen Counties, NJ · 68 workers · effective Jun 2026
Robinhood Markets, Inc. · State notice
Menlo Park city, CA · 63 workers · notice Jun 2026 · Mass layoff
SMBC Manubank · State notice
MO · 1 worker · notice Jun 2026 · Mass layoff
SMBC MANUBANK · State notice
New York, AZ · 12 workers · notice Jun 2026
SMBC Manubank · State notice
Statewide VA · 6 workers · notice Jun 2026 · Closure
Citibank · State notice
Statewide, NJ · 141 workers · effective May 2026
Cigna Evernorth Services · State notice
Morris Plains, NJ · 134 workers · effective Apr 2026
City National Bank · State notice
Los Angeles city, CA · 2 workers · notice Apr 2026 · Mass layoff
City National Bank - Flower Street · State notice
Los Angeles city, CA · 1 worker · notice Apr 2026 · Mass layoff
City National Bank · State notice
Los Angeles city, CA · 1 worker · notice Apr 2026 · Mass layoff

Showing the 30 newest of 67 notices.

After a layoff in finance and insurance

BLS counted 229,000 workers who had held a job in finance and insurance for three or more years and lost it between January 2023 and December 2025 because a plant or company closed or moved, there was too little work or their position was abolished. That is 7% of all 3.3 million such workers.

In January 2026, 57.9% of them were working again, 27.1% were unemployed and 15.0% were out of the labor force. Across every industry the figures were 66.1%, 18.3% and 15.7%.

These are people who lost a job at an employer of any size, counted in a household survey. A layoff notice lists no worker by name, and neither source says how likely your own job is to end. Source: U.S. Bureau of Labor Statistics, Worker Displacement: 2023-2025 (released August 27, 2026), Table 4.

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How this is sourced and what it covers

Source: the open WARN Notice Register, which consolidates the WARN listings that state workforce agencies publish. Our copy is current through October 20, 2026. WARN notices are the advance filings that employers with roughly 100 or more employees send to state agencies before a layoff or closure, typically 60 days ahead. Each entry is a filing: headcounts and dates are as the employer or state recorded them, a notice can later be revised, and a count tracks company size as well as layoffs. An employer is placed in an industry by the NAICS code it writes on its own H-1B wage filings: at least 10 filings between the names it files under, 60% of them in one two-digit sector, and a filing in a state it filed a notice in. A code for the management of companies says how a filer is organized, so it places no one. An employer with no such filings, or one that files under several sectors, has no industry here. 93,872 of the 359,227 workers named in the year, 26%, are in a notice from an employer placed in a listed industry. A listing that repeats an earlier one is counted once, and a notice the register labels is left out of the counts. How to read layoff notice data sets out what the notices can and cannot say and why some are missing. Informational only; not legal, immigration, or financial advice.

Wage data: U.S. Department of Labor OFLC LCA Disclosure Data and U.S. Bureau of Labor Statistics OEWS. LCA filings reflect sponsored-worker wage offers, which skew toward mid-large employers and specific occupations — treat any estimate built from a small sample cautiously. Informational only; not legal, immigration, or financial advice.