Bank of America (BofA) is set to lay off 75 jobs at its Legacy Asset Servicing unit in Addison, Texas in the next 90 days.
The job cuts are expected to be permanent.
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The bank will offer career transition resources, severance pay and benefits to eligible associates.
However, BofA’s officials have said Texas and the DFW area are its key markets.
Mark Pipitone, BofA spokesperson said: "In key Bank of America employment centers like Texas, we have the advantage of numerous areas of our business represented. So, while one business may experience a reduction in the size of its team other areas are growing."
BofA has also announced removal of 187 positions in Plano, Texas in the previous week.
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