Location: New York, NY.
Based on news reporting.
Discover Financial Services is set to lay off approximately 200 employees as part of ongoing integration efforts with Capital One. The layoffs are expected to take effect on October 1, 2023, as the company continues to streamline its operations following the acquisition. This decision reflects the broader trend of workforce reductions in the financial services sector, as companies adapt to changing market conditions. Discover's management has indicated that these cuts are necessary to enhance efficiency and focus on core business areas. The affected employees will be notified in the coming weeks as part of the company's restructuring plan.
Discover Financial Services cut 200 jobs as of October 1, 2023.
That is roughly 0.9% of the 21,100 people Discover Financial Services employs.
LayoffTalk has tracked 3 layoff events at Discover Financial Services since October 2023, affecting a combined 1,000 employees.
Anonymous by default. Be kind — people reading this may be going through it right now.
Discover Financial Services cut 200 jobs on October 1, 2023. What did this look like from the inside — which teams, how much notice, what severance was offered? You can post anonymously below.
Share your story anonymously — it helps others reading this feel less alone.
Share your story →Recent tracked events at this company.