Overview
- Most affected employees were notified on Feb. 23, and the company says the last day for most will be May 4.
- A WARN notice was filed with Illinois on March 3, while state data lists 1,075 departures in May, 81 in June, three in July, and one each in September and October for a total of 1,161 tied to Riverwoods.
- Capital One reports the 1,139 roles include 532 at the Riverwoods campus, 69 Illinois-based remote workers, and 538 remote employees outside Illinois who report to Riverwoods teams.
- Including nearly 600 cuts in late 2025, merger-related layoffs now total 1,748.
- The company says no front-line customer-facing roles are affected and pledges at least 60 days' notice with enhanced severance, benefits, outplacement support, and continued offering of the Discover card.