Capital One Begins Workforce Restructuring Following Discover Acquisition

The monumental merger between Capital One and Discover Financial Services is now entering its operational phase, marked by significant workforce reductions and immediate changes for customers. The integration process, set against the backdrop of one of the largest banking deals in recent memory, is demonstrating a more rigorous consolidation than many industry observers had anticipated.

A wave of job cuts has commenced, with Capital One eliminating 382 positions formerly held by Discover Financial Services employees. This initial phase of workforce reduction began on November 17, 2025, and will extend through March 2026. The restructuring affects 215 distinct roles, primarily concentrated at Discover’s former Chicago headquarters and among remote staff reporting to that location.

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