Capital One Financial in McLean, Va., plans to cut nearly 400 Discover jobs.
Capital One said in a Sept. 15 WARN Notice that it plans to eliminate 382 positions over time. The first cuts, involving 366 positions, will take place on Nov. 17, and the last cuts will take place in early March.
About 200 of the jobs are in Riverwoods, Ill. Eighteen people work remotely in Illinois, and 165 are remote workers in other states.
“When we first announced the acquisition of Discover, we acknowledged that combining two companies would bring with it some difficult choices and changes,” a Capital One representative told Banking Dive. “After careful consideration, we announced a decision to eliminate some roles as part of our continued integration efforts.”