Capital One schedules further layoffs at Discover HQ

Capital One Financial has informed Illinois state officials of additional job reductions at Discover’s offices in the Chicago area.

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 remain open and other operations will continue there, according to Capital One.

The layoffs follow Capital One Financial’s completion of its $35.3bn acquisition of Discover Financial Services last year.

In an e-mailed statement, the spokesperson 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 organisation.

“Our focus right now is on fully supporting our colleagues impacted by this change.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.”

“Capital One schedules further layoffs at Discover HQ” was originally created and published by Retail Banker International, a GlobalData owned brand.

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