Major financial corporation announces more layoffs in Illinois
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Capital One Financial has announced plans to lay off more workers in Illinois due to financial restructuring. The company reported its intention to lay off at least 276 more workers from its Riverwoods site, according to a supplemental Worker Adjustment and Retraining Notification on June 2. The layoffs are expected to take place between Aug. 6 and Sept. 4, according to information submitted to the Illinois Department of Commerce and Economic Opportunity. A Capital One spokesperson said 141 of the affected employees work at the Riverwoods facility. An additional 10 are Illinois residents who work remotely, and the remaining 125 are non-Illinois residents who work remotely, but report to the Riverwoods site. "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 organization," a Capital One spokesperson said. Capital One previously submitted a supplemental WARN notice on Sept. 16, 2025, that announced plans to lay off 382 workers from Riverwoods facility on Nov. 17, 2025, and 10 more on Dec. 19, 2025. The corporation also reported last August that it would lay off nearly 200 employees in October 2025 and 22 more employees in May 2026.