Austin
8:27 am
Tue June 18, 2013

OneWest Bank to Lay Off More Than 700 Workers in Austin

A business in Austin is laying off hundreds of employees. OneWest Bank has notified the Texas Workforce Commission that intents to lay off more than 700 employees in Austin.

The California-based company is a mortgage services provider with offices in the Domain complex.

The business is being acquired by Florida-based Ocwen Financial as part of a $2.53 billion deal.

The layoffs will begin at the end of August.