Capital One Financial Corporation to Lay Off 500 Employees
SOURCENews reportView the filing ↗
What we know
Location: Richmond, Virginia, USA.
Department affected: Technology.
Based on news reporting.
Summary
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.
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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