Most of the recent mortgage-related layoff activity is happening at the nation’s megabanks. California, Florida and New York are suffering the brunt of the job losses.
A temporary satellite office in Jacksonville, Fla., is being closed by the Federal Deposit Insurance Corp. in April 2004, a Nov. 14 statement said. The location was established in 2009 to manage receiverships and liquidate assets from failed financial institutions primarily located in the Southeast.
The Southeast region includes Georgia, where there have been 10 FDIC-insured bank failures so far during 2012 — more than any other state.
The FDIC noted that a review of ongoing workload and signs of an improving health in the banking industry prompted the regulator to determine that the work being handled by the temporary office can be absorbed by its Dallas regional office.
In Fort Lauderdale, Fla., Bank of America Corp. plans to lay off 312 people on Dec. 31, according to a Worker Adjustment and Retraining Notification Notice filing with the Florida Department of Economic Opportunity. The layoffs will follow another 36 Fort Lauderdale layoffs on Oct. 12 and 63 layoffs in Jacksonville that will take place from Sept. 28 through Feb. 28, 2013.
A WARN notice filed with California’s Employment Development Department by BofA indicated that 77 employees were laid off on Sept. 28 in Anaheim.
BofA said in its third-quarter earnings report that staffing in its legacy assets and servicing division fell to 41,700 from 42,400 in the second quarter. In an Oct. 11 interview with Bloomberg, BofA Chief Executive Officer Brian Moynihan said that headcount will continue to be reduced based on demand — though as the Charlotte, N.C.-based company continues to make progress on “mortgage issues at Countrywide you’ll see the headcount come down substantially.”
A WARN filing with the state of California indicated that 57 Wells Fargo &Â Co. employees in Concord, Calif., will be laid off on Dec 30.
In July, Wells Fargo announced plans to shut down its wholesale lending division. A story in the Orange County Register indicated that around a thousand employees in Minneapolis; Lombard, Ill.; and Costa Mesa, Calif.; are impacted by the decision, though the majority of the wholesale employees will be transferred to another division.
A WARN filing in Florida indicated that 365 Fort Lauderdale employees will be terminated between Oct. 1 and Jan. 31, 2013, by BankAtlantic/BB&T.
On Nov. 16, The PNCÂ Financial Services Group laid off 128 people in Franklin, Pa., a notice with the Pennsylvania Department of Labor &Â Industry indicated.
A hundred Citigroup Inc. employees in Uniondale, N.Y., are being terminated between July 2 and Dec. 3, a WARN filing in that state said.
Around 3,800 who are still employed by Residential Capital LLC — which filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in May — will be impacted by the sale of origination and servicing assets to Ocwen Loan Servicing and Walter Investment Management Corp. announced last month. A recent story from Money News indicated that headcount reflects around 350 hirings for its servicing and origination business.
Credit Suisse Securities (USA)Â LLC notified the state of New York that it would lay off 78 people in the city of New York between Oct. 15 and Dec. 29.
In Astoria, N.Y., Marathon Bank of New York/Investors Bank is eliminating 31 jobs on Jan. 31, 2013.
Four employees with Sierra Central Credit Union in Herlong, Calif., will be let go on Nov. 30, a WARN notice in that state indicated.
