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Stock impact report

Editorial: Discover's takeover by Capital One is costing Chicagoland loads of really good jobs [Yahoo! Finance]

Allstate Corporation (The) (ALL) 
Last allstate corporation (the) earnings: 2/4 06:08 pm Check Earnings Report
US:NYSE Investor Relations: allstateinvestors.com
Company Research Source: Yahoo! Finance
Capital One, this page declared that, company reassurances to the contrary, little good would come of this tie-up for our region. We're sorry to report that we may have underestimated the damage. McLean, Virginia-based Capital One is laying off 1,139 workers based in Discover's former headquarters in Riverwoods, the Tribune reported Thursday. That total is on top of about 600 let go late last year following the merger. More than 1,700 workers who either worked at Discover's sprawling Riverwoods campus or were remote employees tied to the operation have lost their jobs or soon will. That's nearly half the Riverwoods workforce of roughly 4,000 that predated the deal. That is tough news. These sorts of good-paying, white-collar jobs are becoming harder to get — and to keep — thanks to AI and other belt-tightening effects, even without the fallout from cutthroat wheeling and dealing. Financial services are critical to the economy in the Chicago area and indeed in Illinois as a w Show less Read more
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