Thread regarding Capital One layoffs

Exit + Layoffs

Company: Capital One Financial
Date: October 17, 2025 (193 workers), and May 1, 2026 (22 workers)
Laid off: 215

These layoffs are tied to a decision by Capital One to exit Discover’s home equity and refinance loan business, which had been part of its business portfolio following its acquisition of Discover. The larger batch of job cuts (193 workers) is set for October 2025, with a smaller group (22) scheduled for May 2026. The company said this is part of financial restructuring and follows a strategic business review of that segment. The transition is expected to reshape operations in that business line.

#Layoffs #Acquisition #Restructuring
by Anonymous
| 4582 views | | 9 replies (last November 13) | Reply
Post ID: @OP+1k53fvs3v
Comment! It's anonymous!

9 replies (most recent on top)

@q5 no they aren’t. My entire team (myself included) were laid off and then they realized how much they fu---d up and tried to get a handful of us back via contracts. Company became a POS ever since all the execs from Amazon infiltrated C1. They were such an amazing place to work at before. Shame what greed and poor leadership can do to an entire company.

by .
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Post ID: @8qb+1k53fvs3v

Given what happened after the HSBC card merger, this is not surprising:

The newest alert just published on the Illinois Work Net Center site comes from a major lender in the credit card industry. It states that Capital One Financial Corporation will be laying off a total of 597 workers at the Discover facility located at 2500 Lake Cook Road in Riverwoods, Illinois. The reason given on the WARN notice is "mass layoff" that will happen in stages. 193 workers will be let go effective October 17, 2025. Another 366 will be jobless effective November 17, 2025. 7 more workers released on December 17, 2025. The remaining layoffs will take place early in 2026 with 31 workers being let go in February, March and finally May 1, 2026.

Read More: Nearly 600 Employees Lose Jobs at Illinois Credit Card Firm | https://101theeagle.com/illinois-capital-one-discover-layoffs/?utm_source=tsmclip&utm_medium=referral

by Anonymous
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Post ID: @1nw+1k53fvs3v

@c7 thats not true nobody at discover is safe. they just laid off home loans department and ira is next. My husband works there and I believe he wont have a job with them much longer.

by Anonymous
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Post ID: @1mn+1k53fvs3v

You all are spreading lies! Capital One is consistently on the great places to work list! It is a diamond in the rough.

by Anonymous
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Post ID: @q5+1k53fvs3v

For those who currently have jobs and not PIPd the dirty tricks and gaslighting will intensify for the next 5 years. You're running on borrowed time and walking in a knives edge, so its even worse to be working there than to be fired via PIP, because your PIP is coming, and now you're in the Discover Financial integration phase that is disastrous, chaotic, and destructive.

😆

by Anonymous
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Post ID: @ns+1k53fvs3v

Babydolls, Capone will be doing mass layoffs for the next years running, then on the 5th year resort back to the 15% quota for PIPs at mid and year end.

It will be total chaos.

by Anonymous
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Post ID: @nc+1k53fvs3v

Well yeah you’re remote, why pay the cost to seat you, when you will be laid off soon.

by Anonymous
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Post ID: @e1+1k53fvs3v

We all discovere employees are safe and we get to stay remote ha ha

by Anonymous
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Post ID: @c7+1k53fvs3v

Makes sense. Capital One caters to low credit, would be a major risk in this category. However, it is starting.

by Anonymous
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Post ID: @c4+1k53fvs3v

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