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BofA will cut thousands of jobs, including in Texas

Posted on October 27th, by FrannetDFW in Blog. No Comments

In the spirit of tracking job news in the Dallas Fort Worth (DFW) area, I just found this article about Bank of America cutting jobs in Texas. Once again, we see that job security in corporate America is a thing of the past.

More and more folks are turning to business ownership as a way to achieve the freedom, and security, they’re seeking. (more here ).

BofA will cut thousands of jobs, including in Texas

3-BankofAmerica_usbankingbrands*304Texas could be hit hard by Bank of America’s latest plan to cut 2,800 mortgage-related jobs in the fourth quarter, The Wall Street Journal reports.

These cuts will be in addition to the 1,200 jobs Charlotte, N.C.-based Bank of America (NYSE: BAC) cut Thursday.

Departments affected by this week’s layoffs included the legacy mortgage group and its home-loan unit.

The larger cuts that will affect Texas, California and Florida could include employees in the delinquent loans department, the newspaper reported. Those employees handled the loans the bank inherited from Countrywide Financial Corp. in 2008.


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