Industry · WARN Act layoffs · NAICS 52

Finance & Insurance Layoffs, 2026

62 WARN notices filed in 2026 affecting 1,768 workers in the Finance & Insurance sector -- part of the full record of 50,030 workers across 234 filings since tracking began.

1,768
2026 workers affected
62
2026 WARN notices
50,030
All-time workers

The Finance & Insurance industry has 234 recorded WARN filings affecting 50,030 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 234 recorded filings covering 50,030 workers across 146 employers, including 62 filings in 2026 alone. WARN notices cover qualifying reported events, so this record is not a complete count of the sector's workforce changes.

Where Finance & Insurance falls in the recorded WARN sector distribution

Tracked industries, grouped into equally sized peer bands by total workers affected

9th of 19 industries

Closure vs mass-layoff mix

Of 234 typed WARN filings in Finance & Insurance, 39 (16.7%) are facility closures (5,527 workers) and 195 (83.3%) are mass-layoff notices (44,503 workers). This mix is read from the filing type field on each notice, not from employer headcount.

State concentration

NY leads Finance & Insurance WARN workers at 54.5% (25,000 of 45,831 workers with a state on the filing).

  • NY 54.5% · 25,000 w
  • CA 28.4% · 12,997 w
  • TX 7.4% · 3,412 w
  • IN 5.6% · 2,588 w
  • FL 4% · 1,834 w

Top Employers by Workers Affected

Recent Notices

Chime Financial

CA, San Francisco · Jul 31, 2026

135

workers

Yamaha Motor Finance Corporation U.S.A

CA, Cypress · Jul 31, 2026

61

workers

Visa

CA, Foster City · Jul 31, 2026

320

workers

Fifth Third Bank

TX, Frisco · Jul 10, 2026

115

workers

SMBC Manubank

VA · Jun 4, 2026

6

workers

US 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

What the Finance & Insurance WARN Record Reveals

The Finance & Insurance sector carries 234 WARN notices covering 50,030 workers across 146 employers in this dataset (NAICS 52) -- the 9th-largest of 19 tracked industries by total workers affected. Citigroup alone accounts for 40% of the sector total. The 234 filings on record mark sustained restructuring pressure rather than isolated shocks.

Closest sectors by workers affected: Arts, Entertainment & Recreation (50,057 workers, 0% higher); Health Care & Social Assistance (62,393 workers, 25% higher); Professional & Technical Services (21,639 workers, 57% lower); Real Estate (15,073 workers, 70% lower). Peer distance uses the same WARN totals as the industry rank; it is not a causal claim.

Coverage limits and how to read sector WARN totals

WARN notices cover qualifying events, not every workforce reduction: federal coverage depends on the employer, worksite, event size, workforce share, timing, and exceptions, while state rules can differ. At an average of 214 workers per notice, filing size in Finance & Insurance tracks with multi-department reductions and site-level shutdowns. Read the record alongside BLS employment data; WARN flags the reported event, not its cause or an individual worker's entitlement.

Layoff resources

Frequently Asked Questions

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

The Finance & Insurance industry has 234 WARN Act notices on record, affecting 50,030 workers across 146 employers (the 9th-largest of 19 tracked industries by total workers affected).

Which companies have the largest layoffs in Finance & Insurance?

Citigroup leads this sector at 20,000 workers (40% of the industry total), followed by Silicon Valley Bank at 3,500 and Wells Fargo at 3,366.

How active were Finance & Insurance WARN filings in 2026?

2026 alone accounts for 62 notices and 1,768 workers in Finance & Insurance, of 234 notices and 50,030 workers in the full record.

What does a WARN Act notice cover in this sector?

Federal WARN can require notice for qualifying mass layoffs or plant closings at covered employers; the employer, worksite, event size, workforce share, timing, and exceptions all matter. A filing is advance warning to workers and communities, not a complete headcount history, and smaller or gradual reductions are usually absent from the filing set.

Related

Source: State WARN Act layoff registries Finance & Insurance industry WARN notices aggregated by PlainLayoffs · 2026-09-05 Industry totals follow NAICS-mapped employer filings in states with structured public registries.

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