Credit card company cuts IT staff

Capital One is reducing the number of staff it employs in the UK by 40% with IT one of the areas targeted for cuts as the company reduces its workforce by a total of 750.

This Article Covers

Jobs

Capital One is reducing the number of staff it employs in the UK by 40% with IT one of the areas targeted for cuts as the company reduces its workforce by a total of 750.

The announcement is part of a cost-restructuring initiative announced by the firm in June last year in the US. Many of the posts being cut in the UK will be offshored.

Srini Gopalan, head of Capital One Bank in Europe said in a statement, "Capital One is committed to improving efficiencies here in the UK so that we can be more competitive and continue to offer innovative and market-leading products to our UK customers."




CW+

Features

Enjoy the benefits of CW+ membership, learn more and join.

Read more on IT jobs and recruitment

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close