The Dallas-Fort Worth area is set to lose a few hundred jobs in the financial services industry, according to new filings with the Texas Workforce Commission.
The human resources department at Citigroup, Inc., sent a letter to the Commission five days ago, saying it expects to lay off 125 employees at its job site in Bedford, Texas. The positions affected function within Citi’s Financial Auto Division.
The housing side of the industry also is facing job cuts with Southfield, Michigan-based manufactured homes financier Origen Financial, L.L.C., slashing 96 jobs at its Fort Worth, Texas location. The affected positions include senior level positions, such as the vice president of sales and the vice president of asset management, as well as bankruptcy specialists, payment processors and managers who oversee everything from loan counseling to foreclosure and loss mitigation.