Almost 600 Workers Laid Off at Illinois Credit Card Company

One of the largest credit card companies in America has notified the state of Illinois of an imminent mass layoff event that will result in nearly 600 workers losing their jobs once it's complete

The newest alert just published on the Illinois Work Net Center site comes from a major lender in the credit card industry. It states that Capital One Financial Corporation will be laying off a total of 597 workers at the Discover facility located at 2500 Lake Cook Road in Riverwoods, Illinois. The reason given on the WARN notice is "mass layoff" that will happen in stages. 193 workers will be let go effective October 17, 2025. Another 366 will be jobless effective November 17, 2025. 7 more workers released on December 17, 2025. The remaining layoffs will take place early in 2026 with 31 workers being let go in February, March and finally May 1, 2026.

According to Capital One's corporate site, the company purchased this Discover facility back in February of 2024. The Riverwoods, Illinois city site says this sale was scheduled to close in late 2024 or early 2025. According to this report by CBS Chicago, 215 of these layoffs were announced a few weeks ago.