Capital One cuts more than 1,100 Discover employees

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Capital One Financial is cutting more jobs at Discover’s Chicago-area headquarters, the bank told Illinois this week.

A notification on a state layoff webpage indicates 1,075 people will be let go in May, and another 81 on June 1. The company last notified the state of job cuts on Tuesday.

Those figures contribute to a total of 1,748 scheduled layoffs the company has informed Illinois of, occurring between October 2025 and this October, according to the state website.

On Thursday, a Capital One spokesperson said role eliminations cut across a number of Discover job titles.

https://www.bankingdive.com/news/capital-one-discover-job-cuts-layoffs/813908/

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