Capital One filed a Workers Adjustment and Retraining Notification with the Illinois Department of Commerce and Economic Opportunity on September 29. The notice indicates the bank headquartered in McLean, Virginia will lay off 452 employees in Rolling Meadows, Illinois.
Capital One, a Fortune 500 company, is a diversified bank that offers a broad array of financial services and products to small business, commercial clients and consumers. Capital One is one of the nation’s top 10 largest banks based on deposits, serving New York, Louisiana, Texas, New Jersey, Virginia, Maryland and the District of Columbia, according to the company’s website.
The affected employees who do not have bumping rights will separate on December 7 and April 2, 2018. The layoff is expected to be permanent and a reason was not cited in the filing.