Capital One to Cut Over 1,100 Jobs Amid Discover Integration
SOURCENews reportView the filing ↗
What we know
Based on news reporting.
Summary
Capital One Financial Corporation is set to lay off over 1,100 employees as part of its ongoing integration with Discover. This decision reflects the company's strategic adjustments during the integration process. The layoffs are part of a broader effort to streamline operations and enhance efficiency. While specific locations and departments affected have not been disclosed, the cuts are significant as Capital One continues to navigate the complexities of merging operations with Discover. The company aims to position itself better in the competitive financial services landscape.
Capital One Financial Corporation cut 1,100 jobs as of March 6, 2026.
That is roughly 2.1% 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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