Capital One plans layoffs at Riverwoods, Illinois site
SOURCENews reportView the filing ↗
What we know
Location: Riverwoods, Illinois.
Based on news reporting.
Summary
Capital One Financial announced plans to lay off at least 276 workers tied to its Riverwoods, Illinois site, according to a supplemental WARN notice filed June 2. The company said the reductions will occur between Aug. 6 and Sept. 4 and that of the 276 affected workers, 141 work at the Riverwoods facility, 10 are Illinois residents working remotely, and 125 are non-Illinois remote employees who report to Riverwoods. Capital One attributed the cuts in part to integrating Discover with Capital One and said some Discover associate roles are being eliminated. The article also references prior supplemental WARN notices and earlier rounds of reductions in late 2025 and 2026 as background.
Capital One Financial Corporation cut 300 jobs in IL.
That is roughly 0.6% of the 52,500 people Capital One Financial Corporation employs.
LayoffTalk has tracked 15 layoff events at Capital One Financial Corporation since January 2023, including 264 jobs documented in official WARN filings, with 13 additional events known from news reporting.
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Estimated figure based on news reporting. Not yet confirmed by Capital One Financial Corporation.
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