Capital One to cut at least 276 jobs tied to Riverwoods site restructuring
SOURCENews reportView the filing ↗
What we know
Location: Riverwoods, Illinois.
Based on news reporting.
Summary
Capital One Financial announced plans to lay off at least 276 workers tied to its Riverwoods site as part of financial restructuring and integration with Discover. A supplemental WARN filed June 2 notes the planned separations will occur between Aug. 6 and Sept. 4, with 141 employees at the Riverwoods facility, 10 Illinois remote workers, and 125 remote workers outside Illinois who report to Riverwoods. The company framed the cuts as eliminating some Discover associate roles across the organization during the integration process. Capital One previously filed WARN notices outlining additional, earlier rounds of reductions affecting the Riverwoods site and other months in 2025 and 2026.
Capital One Financial Corporation cut 276 jobs in IL as of August 6, 2026.
That is roughly 0.5% 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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