This time Bank of America’s (BAC) job cuts are once again located in North Texas, with 116 layoffs in Addison and Plano, according the bank’s Worker Adjustment and Retraining Notification.
Employees are being laid off in Plano at a Bank of America Home Loans Corporate office on Legacy Drive and a mortgage-banking unit on Corporate Drive. A total of 177 associates have been affected over a 90-day period at the two locations, an article in the Dallas Business Journal said.
The layoffs will take effect on April 13 and April 15.
Over the past six months, the mega bank has announced a slew of layoffs, mostly recently cutting 250 mortgage and technology workers in Charlotte, North Carolina.
At the beginning of this month, the bank announced it was laying off 202 employees from its Norfolk, Virginia legacy asset servicing unit as it scales back its staff to “normal levels.”
In October, HousingWire reported that BofA laid off 187 employees from its Plano, Texas, offices.
When contacted about those layoffs, BofA spokesperson Jumana Bauwens told HousingWire that the bank has made “significant progress” in helping delinquent homeowners.
“The number of delinquent mortgage loans we service has decreased to one-fifth of their peak levels,” Bauwens told HousingWire in October. “Due to the lower demand for these specialized services, we are reducing the size of the operations. This division was created in 2011 and staffing grew dramatically to support the short-term needs of mortgage customers at risk of foreclosure. Now, we are in the process of returning to normal staffing levels.”
