"In its Q4 earnings call slides, the company expects its full-year net charge-off rate to rise to 3.5%-3.9% compared with its 1.82% rate reported for... — read more
Charge off increases
https://seekingalpha.com/news/3917579-discover-financial-credit-card-metrics-weaken-in-november-loans-ris
Discover Financial Services Layoffs 2023
Have you heard anything about potential Discover Financial Services layoffs? Any chatter, news or rumors?
"Discover concludes student loan probe"
Nothing to see here... https://www.highereddive.com/news/discover-concludes-student-loan-probe/636722/
Can't say you didn't see it coming...
Anyone seeing more delinquencies? https://seekingalpha.com/news/3889743-credit-card-delinquency-risk-study
Discover Student Loans
"Student loans without the stress or fees." Hilarious...
Did discover Phoenix have a layoff?
Any layoffs in July of 22 at discover call center in Phoenix?
Let's Pretend We Didn't See It Coming?
Is this another case of "let's pretend we didn't see it coming"? I took a look at the P/E graphs and it certainly looks like we are headed into dangerous territory--along with reduced resources and climate chaos. But it's hard figuring out how to... — read more
Discover Financial Services Layoffs 2022
Do you think there will be Discover Financial Services layoffs? Any chatter, news or rumors?
Education benefits
How many people are using the education benefits?
Voluntary packages??
Any word on voluntary packages if hq employees can’t (or don’t) want to return to Riverwoods? Clear Rog is going to require most everyone back for at least two or three days a week.
Discover Financial Services Layoffs 2021
Do you think there may be small/medium/large Discover Financial Services Layoffs 2021? Any news or rumors?
Layoffs and Uncertainity
Nothing more to add...
Shameful behavior
I don’t know why I didn’t catch this until several hours after the announcement, but when I realized this had nothing to do with covid19 or the economy (as Roger’s email made clear) and was just part of Amir’s reorganization I was p-ss-d. Same... — read more
Should I Volunteer for Layoffs?
Kind of an odd question but would appreciate some insight: Is this a good opportunity to volunteer for a layoff even if I do not meet the requirements for the early retirement program that was sent out today? I was already considering leaving to... — read more
2020 BT 5% Layoffs Q4 + Q1 2021
Just got an email from Roger announcing a 5% reduction in both employees and contractors in Business Technology at Discover. Felt like this has been a long shot coming. Not a fan of Amir as soon as he joined my mental health, and work life balance... — read more
Discover 10% raises?
Heard Discover announced 10% raise across multiple business areas at HQ. Wondering if this is true or someone blowing smoke?
Megathread - Impacts and Reactions - Coronavirus and Discover Financial Services
What is your opinon about what needs to be done next?
How many people work at Discover Financial Services?
Do you know how many people work here and how many at the HQ at Riverwoods?
Upcoming cuts
Layoffs will continue through 2020, Discover is experiencing industry burnout, no new innovations, leadership is weak, areas of business that are not profitable, Diner's club diluted brand, network issues, to name a few. They will continue to stagger... — read more
Discover Financial Services Layoffs 2020
Do you predict that there will be Discover Financial Services Layoffs 2020? Any news or rumors?
New Layoffs This Week
Can anyone confirm E-Business laid off this week?
Discover BT Layoffs
Word is a number of people within the Riverwoods BT organization have been let go today.
Discover is experiencing industry burnout
Yes, layoffs will continue through 2019, Discover is experiencing industry burnout, no new innovations, leadership is weak, areas of business that are not profitable, Diner's club diluted brand, network issues, to name a few. They will continue to... — read more
Q3 2018 Layoffs at Discover Financial
Why no layoff news here for Q3? Anyone?
October 2018 Ebiz and Aquisition layoffs
Verified-Both E Business and Acquisition departments experienced laying off of 33 people total on October 9th 2018 due to job being eliminated. This represents sweeping layoff throughout 2018 for Discover Financial Company, starting with INCITE... — read more
2018 Recent Layoffs
To my knowledge (and since I just got exited Thursday), there have been three rounds of layoffs so far this year. 1) ~50 BT Contractors were let go 2) Around 20 in the Marketing Products and the Innovations team were let go two months ago (canned two... — read more
Discover Financial layoffs to be announced next week
Watch for a cost-cutting initiative yo be announced in the 3Q earnings call on Tues 10/24... Found this is an old thread, but it was posted yesterday. Does anybody know more about this? We've been expecting an announcement on layoffs for a while now... — read more
The best place I ever worked for
Discover has a ton of issues but overall it's by far the best place I ever worked for. I've been working in the Financial Service industry for almost 30 years now. Good luck to all, there are no layoffs that I am aware off (this is as of October... — read more
Discover Financial Services Layoffs 2018
Any updates on layoffs in Riverwoods.
Discover Financial Services Layoffs 2017
Do you have more details about job cuts in Riverwoods.
Discover Financial Services Layoffs 2016
What is the likelihood of Discover Financial Services layoffs in Riverwoods in 2016? Please let me know if you have any information.
2015 Layoffs at Discover
I heard that we might be having a reorg and job cuts / RIFs in Q2 of 2015 - is this something reliable?
IT and Layoffs
IT is always targeted due to high compensation. This is not specific to Discover, all companies always target IT as IT is a large cost center
20 folks from IT will be let go
20 folks from IT will be let go