Based on news reporting.
Capital One Financial Corporation has laid off 1,139 employees as part of the second phase of its merger with Discover. This significant workforce reduction reflects the ongoing integration efforts following the merger, aimed at streamlining operations and reducing costs. The layoffs are part of a broader strategy to enhance efficiency within the company. The specific departments affected and the locations of these layoffs have not been disclosed. This move underscores the challenges faced by Capital One in aligning its workforce with the new operational structure post-merger.
Capital One Financial Corporation cut 1,139 jobs as of January 1, 2026.
That is roughly 2.2% 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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