One casualty of tight job market: U.S. Army recruitment Small banks make their. Such costs are much easier for large banks, like Citibank (C) or Bank of America (BAC), to absorb. Seeking relief.
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Bank of America (BAC) became the latest bank to announce major mortgage layoffs. About 1,000 workers in Beachwood, Ohio, will lose their jobs on Oct. 31 when the Charlotte, N.C., company shutters its mortgage and consumer banking office, according to a report in the Cleveland Plain Dealer .
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Third cut in February. 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.
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The notice was sent on March 3, detailing layoffs of 114 workers from two offices in Plano, Texas and one in Richardson, Texas. Bank of America cuts 114 more Jobs in their North Texas offices.