Location: Riverwoods, Illinois, USA.
Based on news reporting.
Capital One Financial Corporation is laying off nearly 1,200 workers at its former Discover headquarters located in Riverwoods, Illinois. This decision comes as part of the company's restructuring efforts to streamline operations and adapt to changing market conditions. The layoffs are expected to impact a significant portion of the workforce at this location, reflecting broader trends in the financial services industry. The company has not specified the exact date for the layoffs, but they are confirmed to be occurring soon. This move highlights the ongoing challenges faced by Capital One as it navigates a competitive landscape.
Capital One Financial Corporation cut 1,200 jobs as of October 1, 2023.
That is roughly 2.3% of the 52,500 people Capital One Financial Corporation employs.
LayoffTalk has tracked 14 layoff events at Capital One Financial Corporation since January 2023, affecting a combined 8,302 employees.
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