Credit card company cuts IT staff

News

Credit card company cuts IT staff

Karl Flinders

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."





Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
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
 

COMMENTS powered by Disqus  //  Commenting policy