Capital One laying off more than 1,700 employees after buying Riverwoods-based Discover
Article excerpt
Highlighted: the sentence this signal was extracted from
Capital One laying off more than 1,700 employees after buying Riverwoods-based Discover. The employees span a number of positions, but the spokesperson said none are front-line, customer-facing associates. Mar 5, 2026, 4:27pm PST Capital One is laying off more than 1,000 workers, two years after its acquisition of Riverwoods-based Discover Financial Services. A Capital One spokesperson said 1,139 employees are being impacted by the layoffs. Nearly half of those workers are based in Illinois - 532 employees at the former Discover headquarters in Riverwoods and 69 workers who live in Illinois but work remotely. The remaining 538 employees to be laid off work remotely and report to a team based in Riverwoods. The employees span a number of positions, but the spokesperson said none are front-line customer facing associates. The banking giant has now laid off 1,748 employees since late 2025. Capital One filed its latest WARN notice on March 3 with the Illinois Department of Commerce and Economic Opportunity. The layoffs are tied to its $35 billion acquisition of Discover in February 2024, according to the company spokesperson. The merger brought together two of the nation's biggest lenders and credit card issuers, now serving more than 100 million customers. "As part of our continued journey to integrate Discover with Capital One, we announced the difficult decision to...
Keep reading with a free account
The rest of this article, and every signal for Capital One, is in your free account.
