Location: Richmond, Virginia, USA.
Department affected: Technology.
Based on news reporting.
Capital One Financial Corporation has announced plans for upcoming layoffs affecting approximately 500 employees in its technology department, scheduled for September 2025. This decision is part of a broader restructuring effort aimed at optimizing operations and reducing costs amid changing market conditions. The layoffs are expected to impact the Richmond, Virginia office, where the company has been focusing on enhancing its digital services. Employees affected by the layoffs will be provided with severance packages and support during the transition. The company has stated that these changes are necessary to remain competitive in the evolving financial technology landscape.
Capital One Financial Corporation cut 500 jobs affecting its Technology team as of September 1, 2026.
That is roughly 1% of the 52,500 people Capital One Financial Corporation employs.
LayoffTalk has tracked 14 layoff events at Capital One Financial Corporation since January 2023, affecting a combined 8,302 employees.
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Capital One Financial Corporation has announced planned job cuts affecting 500 employees, expected around September 2026. What are you hearing from inside the company? Any details on which departments or locations? You can post anonymously below.
Estimated figure based on news reporting. Not yet confirmed by Capital One Financial Corporation.
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