Bank Of America Layoffs 2024 Texas. No need to panic, but bank of america is planning to layoff up to 25k people q1 of 2024. A bank of america spokesperson tuesday maintained that attrition — not layoffs — accounted for april’s reduction of 1,000 employees, according to american banker.
Texas capital bancshares has recently laid off some of its workforce and restructured its balance sheet as part of a push to meet profitability targets it set for itself three years ago. Under certain circumstances, the worker adjustment and retraining notification (warn) act requires businesses to provide notice 60 days in advance of plant closures or mass layoffs.