Based on news reporting.
Capital One Financial Corporation is cutting nearly 400 jobs as part of its latest layoffs, which are linked to the acquisition of Discover. This decision reflects the company's ongoing restructuring efforts following the acquisition. The layoffs are expected to impact various roles within the organization, although specific departments and locations have not been disclosed. This move is part of a broader trend in the financial services industry as companies adjust their workforce in response to market conditions. The layoffs are already in effect as of October 1, 2023.
Capital One Financial Corporation cut 400 jobs as of October 1, 2023.
That is roughly 0.8% 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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