Capital One Lays Off Nearly 1,200 Workers at Former Discover HQ in Riverwoods
SOURCENews reportView the filing ↗
What we know
Location: Riverwoods, Illinois, USA.
Based on news reporting.
Summary
Capital One Financial Corporation is laying off nearly 1,200 workers at its former Discover headquarters located in Riverwoods, Illinois. This decision comes as part of the company's restructuring efforts to streamline operations and adapt to changing market conditions. The layoffs are expected to impact a significant portion of the workforce at this location, reflecting broader trends in the financial services industry. The company has not specified the exact date for the layoffs, but they are confirmed to be occurring soon. This move highlights the ongoing challenges faced by Capital One as it navigates a competitive landscape.
Capital One Financial Corporation cut 1,200 jobs in IL as of March 6, 2026.
That is roughly 2.3% 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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