Look at the capital one intranet.
The “legacy discover severance plan and spd” just got updated as of May 1, 2026.
They are planning to lay off more legacy discover folks
4 replies (most recent on top)
@an did you read the doc? Pretty clear legacy DFS get full severance under “Poor Performance” scenario. Same as if their role was eliminated due to restructuring.
At capone the severance on a PIPids just 10 weeks of pay up to the director level. Thats nnothing. Also they force you to sign a release form to get severance and release all liability claims. They then send you a legal letter to give back the money after you've signed it. Because once you've signed they'll force you to give the money back.
See this post.
https://www.thelayoff.com/t/1u5gEixH
If you read the document op posted on one place it shows severance for discover employees are eligible if being let go for performance reasons
It won't be layoffs they'll be placed on a PIP and fired. It's been 1 year since the merger began and Discover employees should know be on Capital One's Workday. This means they'll follow Capone's twice yearly performance calibration to be stack ranked and put on a PIP and fired. If there are 75,000 full-time employees then at least 11,250 will be fired as that's 15% of the amount of full-time employees.