Capital One to Lay Off 1,748 Employees at Lake Cook Rd Site
SOURCENews reportView the filing ↗
What we know
Location: Riverwoods, IL.
Based on news reporting.
Summary
Capital One Financial Corporation has announced layoffs affecting 1,748 employees at its Lake Cook Road site in Riverwoods, Illinois. This decision comes as part of a broader restructuring effort within the company. The layoffs are expected to significantly impact operations at this location, which has been a key site for Capital One. The company has not specified the reasons behind the layoffs, but they are part of ongoing adjustments to align with business needs. This move reflects the challenges faced by the financial services sector in the current economic climate.
Capital One Financial Corporation cut 1,748 jobs in IL as of March 7, 2026.
That is roughly 3.3% 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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