B of A Cuts Jobs in Charlotte

By Brian Browdie June 28, 2013, 5:15 p.m. EDT 1 Min Read

Consumer banking

Bank of America Laying Off 400 from Mortgage Servicing Unit

Bank of America is laying off hundreds of workers from a unit that services troubled mortgages.

By Chris Cumming

June 24

Bank of America (BAC) has laid off dozens of workers in its hometown.

The Charlotte bank said Friday that the job cuts, which were first reported by the Charlotte Observer, came from various businesses and occurred as part of a streamlining.

"These decisions are part of the ongoing efforts to help us become a simpler, more stable organization," Bank of America spokeswoman Nicole Nastacie said in an email.

The bank employs roughly 15,000 in the Charlotte area.

Earlier in the week, Bank of America said it would lay off more than 400 Dallas-area workers from a unit that services troubled mortgages.

Brian Browdie

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