Capital One Cuts Nearly 300 Jobs in Latest Layoff Round
SOURCENews reportView the filing ↗
What we know
Location: Riverwoods, Illinois.
Based on news reporting.
Summary
Capital One Financial Corporation has laid off nearly 300 employees in its fourth round of job cuts related to Discover. This decision reflects ongoing adjustments within the company as it navigates a challenging economic landscape. The layoffs are part of a broader trend affecting various sectors, but specific details regarding the departments impacted or the reasons behind the cuts were not disclosed. The company continues to adapt its workforce in response to market conditions, aiming to streamline operations and maintain competitiveness.
Capital One Financial Corporation cut 300 jobs in IL as of June 5, 2026.
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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