Thread regarding Capital One layoffs

Cap 1 just laid of the Design and Construction team
Who will handle all the future projects. Cap 1 has 20-25 people doing what a handful of people do on our team. Now they want us to apply with JLL a contractor who has no clue what the department does or did. They are offering us half of what we made and suggest we sign on with them. Cap one is a toxic place to work wishing my coworkers all the best.

I am in the personal loans division and wondering when the hammer will fall. They say Cap-One does not do personal loans.

Toooo many people to even be able to pay they bite off more the. They can chew I hope they choke

Where’s that one derp that was always like DISCOVER #1 CAP 1 EMPLOYEES WILL LOSE THEIR JOBS guy at? LOL

F* CAPONE

Confirmed online see below

https://finance.yahoo.com/news/capital-one-laying-off-another-190400091.html

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Chicago Tribune
Capital One laying off another 1,100-plus employees at former Discover headquarters in Illinois
Robert Channick, Chicago Tribune
Thu, March 5, 2026 at 11:04 AM PST 3 min read

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Capital One is laying off another 1,139 employees at the former Discover headquarters in Riverwoods, Illinois, a suburb of Chicago, a second wave of downsizing following the credit card giants’ megamerger last year.

The employees, whose roles span a variety of job titles at Discover Financial Services, were given notice Feb. 23 that their positions were being eliminated. The last day for most of the employees being laid off is May 4, the company said.

“As part of our continued journey to integrate Discover with Capital One, we announced the difficult decision to eliminate some Discover associate roles across the organization,” a Capital One spokesperson said in a statement Thursday.

Capital One filed a WARN notice with the state earlier this week in connection with the latest round of layoffs. Last fall, it notified the state of nearly 600 layoffs at the Riverwoods facility. The total number of employees downsized out of a job in the wake of the merger now stands at 1,748, according to the online filing.

In February 2024, Virginia-based Capital One announced it was buying Discover for $35 billion, merging two of the largest credit card companies, but ending a long run for a Chicago-area corporate headquarters. Capital One completed the acquisition in May.

At the time the deal was announced, there were about 4,000 Discover employees connected to the Riverwoods headquarters.

The Illinois Worker Adjustment and Retraining Notification Act requires businesses with 75 or more employees to provide the state with 60 days’ advance notice of pending plant closures or mass layoffs.

Of the 1,139 employees laid off in February, 532 work at the Riverwoods facility, 69 live in Illinois and work remotely, and 538 work remotely outside the state but report to Riverwoods-based teams, the company said.

No front-line, customer-facing positions were eliminated in the latest round of layoffs, the company said.

“Our focus right now is on fully supporting our colleagues impacted by this change,” the Capital One spokesperson said. “We provided at least 60 days of notice to impacted employees and we are providing comprehensive career transition support, including enhanced severance, benefits, and outplacement resources.”

The Discover card was launched nationally in 1986 by then-owner Sears to compete for consumer wallet space with Visa, Mastercard and American Express.

Capital One intends to continue to offer the Discover credit card alongside its own branded cards, the company said. But the Discover company is now fully integrated into Capital One.

They did the same after acquiring the HSBC card business: lots of layoffs and site closures. Hope you land on a new role soon!