Discover Financial Services Layoffs

Topics regarding layoffs at Discover Financial Services

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 BT Layoffs

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

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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 

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 

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?

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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

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