Just a month after it eliminated more than a hundred mortgage positions in North Texas, Bank of America Corp. is planning another round of job cuts in the state.
On March 3, the Charlotte, N.C.-based company disclosed in a Worker Adjustment and Retraining Notification Act filing that it was laying off 156 people in the Lone Star State.
At the time, BofA blamed the decision on a decline in the number of delinquent loans and a realignment of its cost structure in response to lower demand for refinances.
Thirty-six of the earlier layoffs, which were scheduled to take place on April 13, were employees working in Fort Worth.
On Thursday, BofA notified the Texas Workforce Commission of more layoffs in Fort Worth.
The latest round impacts 58 employees.
The WARN notice indicates the employees will be terminated on June 22.
A written statement provided by BofA said that the affected positions are in its legacy asset servicing division.
“The number of delinquent mortgage loans we service has decreased to one-fourth their peak levels,” the statement said. “As we tinue to resolve the needs of these customers and experience lower customer demand for mortgage refinancing, we are reducing the size of the opera cons that support these specialized programs.
BofA reports a Texas staff of 20,000.
Laid off employees can apply for more than a hundred open positions in the Dallas-Fort Worth metroplex.
BofA said that it has around 300 job openings across the state.
