Capital One schedules further layoffs at Discover HQ [Yahoo! Finance]
Capital One Financial Corporation (COF)
Last capital one financial corporation earnings: 4/23 04:05 pm
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phx.corporate-ir.net/phoenix.zhtml?c=70667&p=irol-irhome
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Source: Yahoo! Finance
The latest filing shows that 1,075 staff will be laid off in May, with a further 81 departures planned for 1 June. This update was posted this week on the state's layoff notification site. These new figures mean Capital One has now scheduled a total of 1,748 job cuts in Illinois, set to take place between October 2025 and this coming October, according to official records. A spokesperson for Capital One stated on Thursday that the layoffs affect a range of job positions within Discover. In a formal letter to the state, the company outlined plans to cut at least 1,139 jobs across 302 different roles as announced on 23 February. Of those impacted, about 532 work at the Riverwoods campus, while 69 are Illinois-based remote workers. Another 538 remote employees outside Illinois are also included but report to Riverwoods. The affected posts include senior roles such as vice presidents of finance, technology, enterprise risk and enterprise services. The Riverwoods office will
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COF
Earnings
- 1/22/26 - Miss
COF
Sec Filings
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- 3/2/26 - Form 4
- COF's page on the SEC website