Capital One is reportedly planning to eliminate more jobs at Discover Financial Services (Discover) — just months after acquiring the firm.
According to reports, approximately 366 employees are expected to be let go on Nov. 17. In March 2026, another 16 individuals will leave Discover.
“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 spokesperson told Payments Dive.
“After careful consideration, we announced a decision to eliminate some roles as part of our continued integration efforts.”
Currently, Discover has more than 50 employees in Canada, according to LinkedIn.
If you lose your job at Discover or Capital One, understanding your legal rights is crucial.
Non-unionized employees in Canada are entitled to severance pay. This includes individuals working full-time, part-time, or hourly in Ontario, Alberta, and British Columbia (BC).
The amount you’re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.
Top News The Minister of Information and National Orientation, Mohammed Idris, says the Federal Government’s high-level delegation currently in the United States is actively confronting and corre...