Bank of America (BofA) is axing a further 116 employees in Addison and Plano, Texas.

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The lender is laying off 45 employees in Plano at its home loans corporate office on Legacy Drive and a mortgage banking arm on Corporate Drive.

At the same time, the bank is slashing another 71 jobs in Addison at 16001 N. Dallas Parkway.

A total of 177 employees have already been laid off at the two offices during the last three months.

According to a letter filed with the Texas Workforce Commission under the Worker Adjustment and Retraining Notification Act, eligible employees may get career transition resources, severance pay and benefits.

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BofA has started notifying employees of the job cuts on 12 February, with the affected employees given a two-month notice period. The cuts will be effective from 13 April.