"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 

https://seekingalpha.com/news/3917579-discover-financial-credit-card-metrics-weaken-in-november-loans-ris

Have you heard anything about potential Discover Financial Services layoffs? Any chatter, news or rumors?

Nothing to see here... https://www.highereddive.com/news/discover-concludes-student-loan-probe/636722/

Anyone seeing more delinquencies? https://seekingalpha.com/news/3889743-credit-card-delinquency-risk-study

... —  read more 

"Student loans without the stress or fees." Hilarious...

Any layoffs in July of 22 at discover call center in Phoenix?

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 

Do you think there will be Discover Financial Services layoffs? Any chatter, news or rumors?

How many people are using the education benefits?

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.

Do you think there may be small/medium/large Discover Financial Services Layoffs 2021? Any news or rumors?

Nothing more to add...

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 

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 

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 

Heard Discover announced 10% raise across multiple business areas at HQ. Wondering if this is true or someone blowing smoke?

What is your opinon about what needs to be done next?

Do you know how many people work here and how many at the HQ at Riverwoods?

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 

Do you predict that there will be Discover Financial Services Layoffs 2020? Any news or rumors?

Can anyone confirm E-Business laid off this week?

Word is a number of people within the Riverwoods BT organization have been let go today.

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 

Why no layoff news here for Q3? Anyone?

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 

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 

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 

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 

Any updates on layoffs in Riverwoods.

Do you have more details about job cuts in Riverwoods.

What is the likelihood of Discover Financial Services layoffs in Riverwoods in 2016? Please let me know if you have any information.

I heard that we might be having a reorg and job cuts / RIFs in Q2 of 2015 - is this something reliable?

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