Industry · WARN Act layoffs · NAICS 52

Finance & Insurance Layoffs, 2026

58 WARN notices filed in 2026 affecting 1,137 workers in the Finance & Insurance sector -- part of the full record of 49,399 workers across 230 filings since tracking began.

1,137
2026 workers affected
58
2026 WARN notices
49,399
All-time workers

The Finance & Insurance industry has 230 recorded WARN filings affecting 49,399 workers, the 9th-largest of 19 tracked industries by total workers affected

According to WARN Act filings submitted to state workforce agencies, the Finance & Insurance industry is the 9th-largest of 19 tracked industries by total workers affected, with 230 recorded filings covering 49,399 workers across 20 employers, including 58 filings in 2026 alone. WARN only covers mass layoffs at employers with 100+ employees, so this is a floor on the sector's actual workforce changes.

Top Employers by Workers Affected

Recent Notices

SMBC Manubank

VA · Jun 4, 2026

6

workers

U.S. Bank

MD, Frederick · May 20, 2026

36

workers

Blue shield of California

CA, Bechelli Lane Redding · Mar 13, 2026

2

workers

Blue shield of California

CA, Reynolds Ranch Parkway Lodi · Mar 13, 2026

17

workers

Blue shield of California

CA, San Diego · Mar 13, 2026

3

workers

Blue shield of California

CA, Zinfandel Drive Rancho Cordova · Mar 13, 2026

6

workers

Blue shield of California

CA, Canoga Avenue Woodland Hills · Mar 13, 2026

8

workers

Blue shield of California

CA, Kilroy Airport Way Long Beach · Mar 13, 2026

14

workers

Blue Shield of California (Building B)

CA, Building B El Dorado Hills · Mar 13, 2026

7

workers

Blue Shield of California (Building C)

CA, Building C El Dorado Hills · Mar 13, 2026

5

workers

Blue shield of California

CA, Street Oakland · Mar 13, 2026

7

workers

Liberty Dental Plan Corporation

CA, Tustin · Mar 5, 2026

16

workers

Wells Fargo

CA, Market Street San Francisco · Mar 3, 2026

6

workers

Heritage Bank of Commerce (San Jose)

CA, Airport Parkway San Jose · Feb 27, 2026

85

workers

Heritage Bank of Commerce (Remote-San Jose)

CA, Airport Parkway San Jose · Feb 27, 2026

12

workers

Heritage Bank of Commerce (Morgan Hill)

CA, Morgan Hill · Feb 27, 2026

1

workers

Heritage Bank of Commerce (Los Altos)

CA, South San Antonio Road Los Altos · Feb 27, 2026

1

workers

Heritage Bank of Commerce (Mateo)

CA, Mateo · Feb 27, 2026

5

workers

Heritage Bank of Commerce (San Francisco)

CA, San Francisco · Feb 27, 2026

3

workers

Heritage Bank of Commerce (Hollister)

CA, Hollister · Feb 27, 2026

1

workers

What the Finance & Insurance WARN Record Reveals

The Finance & Insurance sector carries 230 WARN Act notices on file, covering 49,399 affected workers across 20 distinct employers in this dataset (NAICS classification 52). Because the federal WARN Act only requires disclosure for mass layoffs of 50+ workers at employers with 100+ staff, these figures represent the reportable ceiling of sector layoff activity, smaller cuts, gig-worker offboarding, and voluntary separations remain outside the filing window. Treat this count as the floor of workforce turbulence in Finance & Insurance, not the full picture.

At an average of 215 workers per notice, the filing cadence in Finance & Insurance tracks with multi-department reductions and site-level shutdowns, the size range typically associated with merger integration and capacity rationalization. The 230 filings on record make this one of the more heavily WARN-reported sectors, indicating sustained restructuring pressure rather than isolated shocks. The top-ranked employers above concentrate the bulk of the worker-impact total, a pattern common in WARN data where a handful of large filings dominate sector-level counts.

For context, industries with sustained WARN activity typically face one of three pressures: technology substitution (automation, AI, offshoring), demand contraction (post-pandemic right-sizing, consumer shifts), or regulatory and capital-structure change (M&A-driven consolidation, tariff-induced realignment). The Finance & Insurance record should be read alongside BLS employment data, state-level workforce trends, and industry-specific guidance, WARN filings flag the event, not the cause. Workers inside notice windows in Finance & Insurance retain the full federal WARN entitlement: 60-day advance notice, unemployment-insurance eligibility on the effective date, and access to Trade Adjustment Assistance screening where foreign-trade impact is involved.

Layoff Resources

Frequently Asked Questions

How many layoffs have occurred in the Finance & Insurance industry?

The Finance & Insurance industry has 230 WARN Act notices on record, affecting 49,399 workers total. The average layoff event in this sector affects 215 workers.

Is the Finance & Insurance industry experiencing more layoffs?

WARN Act filings track mass layoffs affecting 50 or more workers. The Finance & Insurance sector has seen 230 such events. Industry layoff trends often correlate with economic cycles, technological disruption, and regulatory changes.

Which companies have the largest layoffs in Finance & Insurance?

The top employers by worker impact in the Finance & Insurance sector are listed above, ranked by total workers affected across all their WARN Act filings. These filings cover plant closings and mass layoffs meeting federal reporting thresholds.

What is a WARN Act notice for the Finance & Insurance sector?

A WARN Act notice is a federally required disclosure when an employer plans a mass layoff (50+ workers) or plant closing. In the Finance & Insurance sector, these notices provide advance warning to workers and communities about upcoming job losses.

Are Finance & Insurance jobs at risk from automation?

Some Finance & Insurance roles face automation and AI displacement risk. WARN Act data captures large-scale layoffs, but ongoing workforce transitions due to technology may involve smaller, gradual reductions not captured in WARN filings.

Related

Data sourced from official state WARN-Act layoff registries. See our methodology for details. Retrieved and formatted by PlainLayoffs Editorial
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