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Capital One Laying Off More than 1,100 Workers at Former Discover Headquarters in Illinois
Capital One is eliminating 1,139 roles related to its Discover acquisition, with 532 layoffs at Riverwoods site and total merger cuts reaching 1,748, the Illinois Department of Commerce said.
- On March 3, Capital One Financial filed a WARN notice with the Illinois Department of Commerce, announcing it will cut more than 1,100 Discover-related roles at Riverwoods, Illinois.
- Capital One said the cuts stem from integrating Discover after the acquisition, marking a second wave of layoffs tied to the post-acquisition integration process.
- Notified on Feb. 23, Capital One said 1,139 employees across 302 job titles are impacted, including 532 Riverwoods-based, 69 Illinois remote, and 538 remote workers reporting to Riverwoods. Capital One provides career transition support.
- Other business operations at the Riverwoods site will continue and the location is not closing, but cuts include vice presidents of finance, technology, enterprise risk and enterprise services with no front-line customer-facing associates affected.
- Most affected employees have May 4 as their last day, the company said, while state postings show 1,075 will be let go in May and another 81 on June 1, adding to 1,748 cumulative job cuts reported to Illinois.
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Chicago Sun TimesReposted by 
Usa news
Usa newsCapital One laying off more than 1,700 employees after buying Riverwoods-based Discover
Capital One is laying off more than 1,000 workers, two years after its acquisition of Riverwoods-based Discover Financial Services.A Capital One spokesperson said 1,139 employees are being impacted by the layoffs. Nearly half of those workers are based in Illinois — 532 employees at the former Discover headquarters in Riverwoods and 69 workers who live in Illinois but work remotely. The remaining 538 employees to be laid off work remotely and re…
·Chicago, United States
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Capital One laying off another 1,100-plus employees at former Discover headquarters in Riverwoods
Capital One is laying off another 1,139 employees at the former Discover headquarters in Riverwoods, a second wave of downsizing following the credit card giants’ megamerger last year.
·Chicago, United States
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Total News Sources12
Leaning Left2Leaning Right1Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 22%
C 67%
11%
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