Bank of America to lay off 187 Plano workers

PLANO – Bank of America has announced that it will eliminate nearly 190 positions in Plano.

The cuts are expected to be completed by November 17. The downsizing is taking place at the bank’s Legacy Asset Servicing and Home Loan Originations units and will affect 187 employees, according to the letter filed under the federal Worker Adjustment Retraining and Notification Act.

Some eligible associates will be offered career transition resources, severance pay and benefits.

Just over a week ago, Bank of America announced 50 layoffs at its Legacy Asset Servicing unit in Fort Worth. The cuts all are part of a nationwide initiative to eliminate 30,000 jobs. So far, the bank has phased out more than 900 North Texas positions since mid-2013.

Still, bank officials insist that North Texas is a strategic market for Bank of America, and emphasize that more than 20,000 workers are employed by the company around the state.