Financial Corp. of America expects more layoffs.

Spokesmen for the giant financial institution would not say how many employees would be affected, only that the cutbacks would be “sizable” though not as many as the 1,500 persons laid off last year. The layoffs are expected to be announced before the end of March and are part of a continuing program to shrink the firm’s asset size and loan volume, the spokesmen said. FCA is the parent company of American Savings & Loan Assn.