Location: Riverwoods, IL.
Based on news reporting.
Capital One Financial Corporation has announced layoffs affecting 1,748 employees at its Lake Cook Road site in Riverwoods, Illinois. This decision comes as part of a broader restructuring effort within the company. The layoffs are expected to significantly impact operations at this location, which has been a key site for Capital One. The company has not specified the reasons behind the layoffs, but they are part of ongoing adjustments to align with business needs. This move reflects the challenges faced by the financial services sector in the current economic climate.
Capital One Financial Corporation cut 1,748 jobs as of October 1, 2023.
That is roughly 3.3% 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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